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Deductions & credits
On the "Let's double-check the amount you received" page, it reads "based on the info you entered and your combined adjusted gross income of $185,575, you and 'wife's name' are eligible for the following stimulus payments:". Then it shows First-Round: $2400 and Second-Round: $1200. I then checked that was NOT what we received and entered amount we received of $898. Doing the math, we should receive a Recovery Rebate Credit of $2702. However, this amount is not included on 1040 line 30 Recovery Rebate Credit. Is there a problem with Turbotax CD?
‎April 18, 2021
9:49 AM