TurboTax still does not give me anywhere to enter the amount of stimulus I received.
If you have not received one or both of your stimulus checks, you will receive your payment in the form of a Recovery Rebate Credit on line 30 of your 2020 Federal tax return when you file.
TurboTax will compare your one or two stimulus payment amounts to the computations within TurboTax. The computations within TurboTax are based upon the information that you have entered into the tax software. If you are due an additional amount, it will be issued as a Recovery Rebate Credit (RRC) on line 30 of the 2020 1040 tax return.
In TurboTax Online, you are prompted to input stimulus check 1 and stimulus check 2 information under Review down the left hand side of the screen.
You can access your stimulus check choices by following these steps:
- Down the left side of the screen, click on Federal.
- Across the top of the screen, click on Other Tax Situations.
- At the screen Let’s keep going to wrap up. Click on Let’s keep going.
- At the screen Let’s make sure you got the right stimulus amount, click Continue.
- At the screen Did you get a stimulus payment? you can update your stimulus check entries.
See also this TurboTax Help.
Why did my refund decrease after I entered stimulus check info?
Before you enter the amount of the stimulus payments at the screen Did you get a stimulus payment?, you have been given the full Recovery Rebate Credit (the equivalent of the two stimulus payments). This can be found on line 30 of the 2020 Federal tax return. At this point, this is an 'incomplete' Recovery Rebate Credit.
You can see this on the screen Great news! You qualify for the stimulus credit. The amount is displayed in the center of the page.
After you enter stimulus payment 1 and stimulus payment 2, the credit is offset by the stimulus payments and the 'incomplete' Rebate Recovery Credit is reduced or eliminated.
See this TurboTax Help.
I discovered a seemingly endless loop in CSA-1099-R input.
Recommend deleting the entry and re-entering.
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