Confused STILL on the CARES Act Recovery Rebate. In 2020, spouse & I had 2 college students fully dependent upon us.
Student# 1: Jan-June 2020 was full-time graduate student (age 23, turned 24 mid December 2020)
Lived at home 100% of year, we paid for all living and support expenses. *It looks like per the notes above that the exception of my Student#1 being 23 and in school full time at least 5 months would mean he was eligible as a dependent no matter what his income was. Is this correct? TurboTax form tells me he is not eligible, as he earned over $12k during the 2020 calendar year.
Student# 2: Full-time undergraduate 2nd year college student. Lived at home 100% of year, we paid for school and all living and support expenses. It would seem that we are still eligible for the Recovery Rebate - but the TurboTax form acts like spouse & I already received max for 2020 ($2400 & $1200) - yet TurboTax does not offer the "recovery rebate" option.
Should i work independently with a tax preparer instead of TurboTax this year?
