COVID relief payments

[BL62]

Hi,

We received a portion of the 1st covid relief payment, which I entered that amount into the program, but never received the 2nd payment that we should have gotten. Do I enter the amount we should have received and file a 3911 form to track that payments, or enter -0-?

[DoninGA]

If the second stimulus was never received just enter a 0 (zero) for the amount received.

[Opus 17]

If the IRS thinks they sent a round 2 payment and you indicate zero, the IRS will "correct" your return and remove the credit.  You will have to file a trace request to locate the second round payment.  However, if the IRS never sent a round 2 payment, then you should indicate zero so you get it, that's how it works.  Normally, you would get a letter 1444-B in the mail indicating the amount of round 2 payment that the IRS thinks they paid you. 

See the IRS web site.

https://www.irs.gov/coronavirus/get-my-payment#first-second-payments

First and Second Payment Status

The first and second Economic Impact Payments no longer appear in Get My Payment.

To find the amounts of these payments, view or create your online account. You can also refer to Notice 1444 for the first payment and Notice 1444-B for the second payment. The IRS mailed these notices to your address of record.

[BL62]

So I should enter the 2nd covid payment as received, even though it was not, and file 3911 to trace that payment, correct?

[Opus 17]

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@BL62 wrote:

So I should enter the 2nd covid payment as received, even though it was not, and file 3911 to trace that payment, correct?

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If you have a 1444-B letter that says a payment was made, put the 1444-B amount into Turbotax.  Then, if you never actually received the 1444-B money, you will need to run a trace. 

[AmeliesUncle]

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@BL62 wrote:

So I should enter the 2nd covid payment as received, even though it was not, and file 3911 to trace that payment, correct?

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If if you receive the 1444-B and/or your "Tax Account Transcript" shows the IRS sent the payment, do the Trace on Form 3911.

As for your tax return, you might want to wait to file.  There is a very good change the results from the 3911 will result in the IRS cancelling that payment, in which case you need to enter "$0" for the amount you received.  But as was mentioned above, until the "trace" is done, you can't do that.