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Do I have to report EIP payments

I haven't come across any place to enter the info for my two EIP payments.  Do I need to enter them somewhere.  I believe they're not taxable.

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6 Replies

Do I have to report EIP payments

You report receiving the stimulus payments in the Federal Review section of the program.

Do I have to report EIP payments

Yes you have to enter them or Turbo Tax will give it to you again.  They are not taxable but you may see your refund change when you enter them because Turbo Tax starts out assuming you didn't get it.

 

When you go through the federal review tab it will ask how much you got if any.  Enter a 0 in the box if you didn't get one.  Or to enter your stimulus payment in TurboTax, type "stimulus" (without the quotes) in the Search box, then click the link that says "Jump to stimulus."

 

After you have entered your tax information and are ready for the Federal Review, it will be the first question.

 

If you are trying to trigger it, you can go to Other Situations, answer any questions and click Done. The next automatic selection is Federal Review and it will ask about payments received.

 

The Recovery rebate credit is on 1040 line 30.  It either adds to your refund or reduced a tax due.

travelinkid
Returning Member

Do I have to report EIP payments

Where do I report EIP on 1040-X?

 

Do I have to report EIP payments

You report receiving the stimulus payments in the Federal Review section of the program.

travelinkid
Returning Member

Do I have to report EIP payments

Thank you for responding, however, my 1040 X does not have a line reading "federal review."  What line number should I enter EIP I forgot to report on 1040 SR?

 

DaveF1006
Expert Alumni

Do I have to report EIP payments

You do not do this on the 1040X form itself. Turbo Tax will do that for you.

  1. Log into Turbo Tax assuming you use Turbo Tax online
  2. When you reach the landing page, scroll to the bottom where your tax returns and documents are.
  3. Select 2020, and click on the option to amend and change return.
  4. Answer the questions about why you are amending
  5. Once you begin working in your return, your refund monitor will reset to 0. 
  6. Once you are in the return, select the federal review tab at the top of the page. When you do, you should reach a screen that looks like this.

 

 

 

 

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