Retirement tax questions

 

At the top of your tax return select Federal Review

 

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That will take you to this screen where it asks if you have already received your stimulus payments.  If you received the first or second payment already, then select Yes and fill in the information.  If you did not receive any payment select No.  If you received the first payment only, fill in that amount and put zero (0) for the second payment.

 

When the screen is correct, you refund will be adjusted for the amount of stimulus payment that will be added to your 2020 refund.

 

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 In some cases, TurboTax starts with assuming you did not receive any stimulus payments and starts your refund with the full amount of both payments.  Then  when you enter payments, the amount of refund decreases or amount owed increases.  The payments are an advance on the 2020 tax return.

 


@Whizkid151