topic 1040SR &amp; Recovery Rebate update for EIP-3 in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/1040sr-recovery-rebate-update-for-eip-3/01/2133359#M767965 <P>When will TT update the forms for the EIP-3 payment?&nbsp; We had a baby in 2020 so have a catchup calculated for EIP-1 and EIP-2 but still should get another $1,400 for EIP-3.</P> Thu, 25 Mar 2021 16:06:52 GMT vandedean 2021-03-25T16:06:52Z 1040SR & Recovery Rebate update for EIP-3 https://ttlc.intuit.com/community/taxes/discussion/1040sr-recovery-rebate-update-for-eip-3/01/2133359#M767965 <P>When will TT update the forms for the EIP-3 payment?&nbsp; We had a baby in 2020 so have a catchup calculated for EIP-1 and EIP-2 but still should get another $1,400 for EIP-3.</P> Thu, 25 Mar 2021 16:06:52 GMT https://ttlc.intuit.com/community/taxes/discussion/1040sr-recovery-rebate-update-for-eip-3/01/2133359#M767965 vandedean 2021-03-25T16:06:52Z Re: 1040SR & Recovery Rebate update for EIP-3 https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133385#M767979 <P>The third stimulus is not entered anywhere on a 2020 federal tax return so there is nothing to update.</P> <P>The IRS sends the third stimulus directly to you -&nbsp;<A href="https://www.irs.gov/coronavirus/get-my-payment" target="_blank">https://www.irs.gov/coronavirus/get-my-payment</A></P> Thu, 25 Mar 2021 16:11:32 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133385#M767979 DoninGA 2021-03-25T16:11:32Z Re: 1040SR & Recovery Rebate update for EIP-3 https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133668#M768075 <P>To elaborate, the 3-EIP was received but the newborn in 2020 was not reflected since 2020 returns hadn't been filed.&nbsp; Will the catch-up for the new baby's 3-EIP happen with an updated form or automatically corrected by the IRS when they get the 2020 tax return?</P> Thu, 25 Mar 2021 17:11:43 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133668#M768075 vandedean 2021-03-25T17:11:43Z Re: 1040SR & Recovery Rebate update for EIP-3 https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133731#M768095 <BLOCKQUOTE><HR /><LI-USER uid="772617"></LI-USER>&nbsp;wrote:<BR /> <P>To elaborate, the 3-EIP was received but the newborn in 2020 was not reflected since 2020 returns hadn't been filed.&nbsp; Will the catch-up for the new baby's 3-EIP happen with an updated form or automatically corrected by the IRS when they get the 2020 tax return?</P> <HR /></BLOCKQUOTE> <P>The IRS may send the stimulus for the child when the 2020 tax return is processed.&nbsp; Or you will be able to apply for the stimulus on your 2021 tax return similar to the Recovery Rebate Credit on the 2020 tax return.</P> Thu, 25 Mar 2021 17:22:22 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133731#M768095 DoninGA 2021-03-25T17:22:22Z Re: 1040SR & Recovery Rebate update for EIP-3 https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133753#M768101 <P>EIP-3 will work the same way as EIP-1 and EIP-2 but on a one year delay.&nbsp; So if you don't receive the $1400 stimulus payment for the new born, you'll get the Recovery Credit on Line 30 of Form 1040 <U>next year</U></P> Thu, 25 Mar 2021 17:27:17 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133753#M768101 NCperson 2021-03-25T17:27:17Z
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topic 1040SR &amp; Recovery Rebate update for EIP-3 in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/1040sr-recovery-rebate-update-for-eip-3/01/2133359#M767965
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<P>When will TT update the forms for the EIP-3 payment?&nbsp; We had a baby in 2020 so have a catchup calculated for EIP-1 and EIP-2 but still should get another $1,400 for EIP-3.</P>
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<P>When will TT update the forms for the EIP-3 payment?&nbsp; We had a baby in 2020 so have a catchup calculated for EIP-1 and EIP-2 but still should get another $1,400 for EIP-3.</P>
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<P>The third stimulus is not entered anywhere on a 2020 federal tax return so there is nothing to update.</P> <P>The IRS sends the third stimulus directly to you -&nbsp;<A href="https://www.irs.gov/coronavirus/get-my-payment" target="_blank">https://www.irs.gov/coronavirus/get-my-payment</A></P>
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<title>Re: 1040SR & Recovery Rebate update for EIP-3</title>
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https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133668#M768075
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<P>To elaborate, the 3-EIP was received but the newborn in 2020 was not reflected since 2020 returns hadn't been filed.&nbsp; Will the catch-up for the new baby's 3-EIP happen with an updated form or automatically corrected by the IRS when they get the 2020 tax return?</P>
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https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133731#M768095
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<BLOCKQUOTE><HR /><LI-USER uid="772617"></LI-USER>&nbsp;wrote:<BR /> <P>To elaborate, the 3-EIP was received but the newborn in 2020 was not reflected since 2020 returns hadn't been filed.&nbsp; Will the catch-up for the new baby's 3-EIP happen with an updated form or automatically corrected by the IRS when they get the 2020 tax return?</P> <HR /></BLOCKQUOTE> <P>The IRS may send the stimulus for the child when the 2020 tax return is processed.&nbsp; Or you will be able to apply for the stimulus on your 2021 tax return similar to the Recovery Rebate Credit on the 2020 tax return.</P>
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<pubDate>Thu, 25 Mar 2021 17:22:22 GMT</pubDate>
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<dc:creator>DoninGA</dc:creator>
<dc:date>2021-03-25T17:22:22Z</dc:date>
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<title>Re: 1040SR & Recovery Rebate update for EIP-3</title>
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https://ttlc.intuit.com/community/taxes/discussion/re-1040sr-recovery-rebate-update-for-eip-3/01/2133753#M768101
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<P>EIP-3 will work the same way as EIP-1 and EIP-2 but on a one year delay.&nbsp; So if you don't receive the $1400 stimulus payment for the new born, you'll get the Recovery Credit on Line 30 of Form 1040 <U>next year</U></P>
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