I'm going through the TurboTax (TT) interview again, double checking my work. There's a place in the Personal | Personal Income section where TT asks, "Did either of you take a disaster distribution at any time between 2018 and 2020?" (This is addressing my wife and myself.)
We weren't involved in any "qualified disasters", which I took to mean something like a flood, a fire destroying several homes, earthquakes, things of that nature. But now I see this line, "This includes distributions for COVID-19 under the CARES Act in 2020." I missed this before. We did get some stimulus checks last year, related to COVID-19. I had been selecting No, because I was only thinking of fires, floods and so on. But is this where I've got to enter the stimulus check information? Should I select the Yes here?
No, You enter the stimulus payments in the final review or use the search topics for "stimulus".
Question applies to 1099-R (retirement) payments IF you opted to spread taxes over three years, claiming Covid option. If you did Not opt for such payments last year, answer No.
You can check your IRS account to determine what stimulus payments you received and when. You'll need to create an ID.me account, which is tedious.
No, the first and second stimulus checks were reported on the 2020 Federal tax return. The third stimulus payment was reported on the 2021 Federal 1040 tax return.
Use IRS form 8915 to report or repay disaster distributions as defined by Federal legislation for specific tax years. Different versions of the form are used to report distributions of different years.