I just got off the phone with the IRS, who confirmed the Recovery Rebate Credit was inappropriately claimed as we were above the AGI, causing us to go from a refund to owing. The calculation is actually quite clear in the IRS paperwork, so the error lies in the TT software, which failed to note that there was an AGI ceiling before applying the Recovery Rebate Credit. If not a deliberate error, then definitely poorly crafted to not follow specific IRS guidance. TT should note the error to users and promise corrections. I am disappointed TT is not acknowledging the error and compensating users.
