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Nevermind.... ANSWERED -- December 2019 College Graduate - Dependent in 2019 NOT dependent in 2020
My son graduated from college in December of 2019; in the 2019 tax year, I claimed him as a dependent and, as such, he did not receive the COVID stimulus payment AND my wife and I DID NOT receive payment for him as a dependent, as he is NOT dependent in 2020. The literature at the time indicated that because he is NOT a dependent in 2020, he can claim a tax credit on his 2020 return for the full amount of the FIRST COVID stimulus payment.
How do we claim that credit on his 2020 tax return in Turbo Tax?
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‎February 8, 2021
11:29 AM