Economic Impact Payment /Credit

[Tanto User]

During the review process for our 2020 taxes the information concerning the EIP was asked for and entered. The first stimulus check arrived on April 15, 2020, directly deposited into my checking account. The 2nd EIP  arrived on January 4, 2021, same setup. I entered the 1st EIP amount, but was unsure with the 2nd since it came in 2021, not tax year 2020. So i put a zero in the box to indicate that we didn't receive the check. There was no indication concerning when the check was received and how that affects the info requested. None of the IRS info I have seen indicates anything related to the date of receipt, so the issue is ambiguous and unclear to me. Is there a clear answer concerning this ?

[MinhT1]

You have to report both stimulus payments on your 2020 tax return, even if your receive the second payment in January 2021.

In fact, both these payments are advanced payments of the 2020 Recovery Rebate Credit.

Please read this IRS document on the Recovery Rebate credit.