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Retirement tax questions
I received $2400 in 2020.
Turbotax asked me if I received 2 $1200 payments in 2020.
I said yes to both questions.
I also received $1200 on January 4th of 2021.
I'm expecting to report the receipt of that $1200 when I do my 2021 taxes.
Turbotax still put $1200 on Line 30, and added it to my refund for 2020.
Now I'm getting $1200 more on my refund, and that's incorrect.
So, now I'm expecting the IRS to REJECT my e-file, and force to re-file. Which is going to delay my refund for months.
The Turbotax form should have asked me if I received $2400 in 2020 because I file a joint return (with my wife).
Instead, it asked me about 2 $1200 payments, which I received as 1 payment in 2020.
While I said I received two payments in 2020 (which totals $2400), I missed the Line 30 addition of $1200 to my 2020 refund.
So, that's what I'm dealing with.
Turbotax knew that I was filing a joint return. The stimulas review didn't have that information apparently. That's a Turbotax problem, don't you think?