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Deductions & credits
Thank you. Got your point on recovery rebate. For my clarification- Stimulus 1 calculated based on 2018 or 2019 AGI- whichever was available at that time (if I'm correct). By the time S1 issued and my 2019 taxes not filed, they may have considered 2018 taxes AGI. Now as TT taking the numbers based on 2019 - and adding recovery rebate credit, IRS system check based on 2020 income/AGI to apply and if I'm not eligible it simply do not issue any S1 amount. That assumption is correct?
Regards,
MS
March 15, 2021
4:28 PM