Nevermind.... ANSWERED -- December 2019 College Graduate - Dependent in 2019 NOT dependent in 2020

[JayDHennessy]

My son graduated from college in December of 2019; in the 2019 tax year, I claimed him as a dependent and, as such, he did not receive the COVID stimulus payment AND my wife and I DID NOT receive payment for him as a dependent, as he is NOT  dependent in 2020.  The literature at the time indicated that because he is NOT a dependent in 2020, he can claim a tax credit on his 2020 return for the full amount of the FIRST COVID stimulus payment.

How do we claim that credit on his 2020 tax return in Turbo Tax?

[xmasbaby0]

On your son's tax return---

The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021

The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”)  If you are eligible it will end up on line 30 of your 2020 Form 1040.

Make sure that you enter ALL of the stimulus money received for the 1st ad 2nd stimulus for yourself, your spouse and your children.

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.