There were two stimulus payments for tax year 2020. The first, EIP1, was sent out to taxpayers in early 2020. The second, EIP2, was sent out to taxpayers between December 2020 and February 2021.
You report the stimulus payments received or not received on your 2020 federal tax return. When you report a payment as Not received, a Recovery Rebate Credit is reported on the federal tax return, Form 1040, on Line 30. This Credit is included in the federal tax refund or reduces the amount of federal taxes owed.
If you were a dependent on someone else's tax return in 2020 you are not eligible for either of these two payments so the question of receiving the payments would not be asked be the TurboTax software.
There was a third stimulus payment being distributed by the IRS in 2021 for those that are eligible. The payment is based on either the 2020 federal tax return or the 2019 tax return, whichever one was available to the IRS at the time of disbursing the payment.
Go to this IRS website for the third stimulus payment information - https://www.irs.gov/coronavirus/get-my-payment
There is Not a fourth stimulus payment.
