Yes, if you answered yes that you received the full third stimulus payment and it shows on the form then you are good to go.
Yes, if you did not receive any advanced payments for the Child Tax Credit then do not enter an amount or enter $0. Please be aware, everybody is asked about the advanced payments for the Child Tax Credit since there are cases where parents received the advanced payments but don't claim their child in 2021.
To get to the Recovery Rebate Credit question in TurboTax, please follow these steps:
- After entering all your information click "Search" at the top right and type "Stimulus".
- Follow the jump to link (if you do not qualify for the Recovery Rebate Credit the stimulus questions will not come up).
- On the screen "Let's double-check the amount you received" you will be asked about the amount of third stimulus payment you received. TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to get.
- Any stimulus amount remaining due to you will show as The Recovery Rebate Credit on line 30 of Form 1040.
Please see What are the eligibility rules for the Recovery Rebate Credit? for additional information.
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