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Lex142
Level 1

Do I report my stimulus as income?

I'm surprised turbotax hasn't gotten this question. If I received a covid stimulus check do I need to report it as income ?
1 Best answer

Accepted Solutions
AlanT222
Expert Alumni

Do I report my stimulus as income?

No, you do not report your stimulus payment as income.  However, you must report receipt of the stimulus payment so that you do not also receive the Recovery Rebate Credit. 

 

Here is how to report the receipt of the stimulus payment, again it will not count as income:

  1. Log into Turbotax
  2. Click Federal Review ( you should see "Let's make sure you got the right stimulus amount")
  3. Click Continue
  4. Click "Yes" and fill in the correct information
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
AlanT222
Expert Alumni

Do I report my stimulus as income?

No, you do not report your stimulus payment as income.  However, you must report receipt of the stimulus payment so that you do not also receive the Recovery Rebate Credit. 

 

Here is how to report the receipt of the stimulus payment, again it will not count as income:

  1. Log into Turbotax
  2. Click Federal Review ( you should see "Let's make sure you got the right stimulus amount")
  3. Click Continue
  4. Click "Yes" and fill in the correct information
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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