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If your rollover was in 2019, then you can still qualify for the Recovery Rebate Credit on your 2020 return, if you meet the qualifications. The ability for taxpayers (who did not qualify based on 2019 or earlier tax returns), to get the amount of the stimulus money if their situation had changed in 2020 is the only recourse that was provided under the CARES Act. This was to ensure that even if taxpayers had higher income in one year, they could still receive assistance.
If you did not qualify based on 2019 or an earlier return due to a rollover or a "one-off" situation, then you should qualify in 2020 for the Recovery Rebate Credit.
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March 28, 2021
10:27 AM