Economic Impact Payment reporting issue

Forum|Forum|5 years ago
February 2, 2021
19 replies
55 views

I received first wave of Economic Impact Payment in 2020 based on my 2018 tax return since I did not file for 2019 tax return at that time. However, my 2019 tax return exceeded the threshold for receving the second wave stimulus payment, so I received one payment from IRS in 2020. I can't find a place to enter the stimulus payment I received from IRS for 2020 tax return, but it looks like IRS website says I'll have to report the Recovery Rebate Credit on Line 30 of my tax year 2020 return. My question is how can I do that in Turbotax Premier online version?

TurboTax Premier Online

CatinaT1

Level 15

If you did not receive your first and/or second stimulus payment or if the amount received is not correct, you can claim it on your 2020 tax return as the Recovery Rebate Credit.

In TurboTax Online, to claim the Recovery Rebate credit please do the following:

Sign into your account and continue from where you left off
Click on Federal in the left-hand column, then on Federal Review on the top of the screen
On the next page titled Let's make sure you got the right stimulus amount, click on Continue
Follow the interview
TurboTax will determine whether you are entitled to any additional stimulus
Any stimulus amount remaining due to you will show as a credit on line 30 of your form 1040.

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Lee48

Level 2

Your program is generally great, but there is a glaring error in the way your system calculates the EIP. My wife is not an American citizen, but we file a joint return. According to the worksheet provided by IRS, I can only claim the EIP for myself, but there is no way that I can see in TurboTax to clarify her as ineligible. In fact, your system continually asks for her SS number, but there is no provision for that omission to be used in the calculation for the EIP, nor a way to manually edit that field. As a result, I was forced to abandon using TurboTax for this year's return, which is a shame since it is such a good and useful product. Please fix this so future returns can be filed with TurboTax.

Irene2805

Level 15

If your wife is a U.S. Resident Alien, and she has a social security number (SSN) or ITIN valid for employment, she qualifies for the stimulus payment.

If she does not, the workaround is to include enter the amount of stimulus payment she would have received. [Screenshot #1] This will stop TurboTax from calculating the Recovery Rebate Credit for her, and not affect the rest of your return.