Howard14
New Member

Deductions & credits

In the inquiry above re: the RRC worksheet, I also answered #1=NO, #2=Yes, #5=2400 but in #16 I did NOT enter $2400. My EIP1 was correctly reduced last spring because my 2019 AGI exceeded the max amount for a full payment. Therefore, I entered 1100, the amount to which I was entitled and actually received.  Likewise, I received no EIP2 because my 2019 AGI exceeded the max amount for entitlement.  The result is that the worksheet yields a large credit (based on 2020 AGI) that is the sum of 900 (2400 max for EIP1 less the 1100 actually received) PLUS the full amount of EIP2 (for which I was entitled to ZERO).  

 

Seems to me that the correct way to complete the worksheet is for #5 and #8 to respectively show the amount of EIP1 and EIP2 actually received rather than the max amount. Yes?