sjrcpa
Level 15
07-27-2022
03:45 PM
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???
EIP 1 and 2 were advance payments of the Recovery Rebate Credit for 2020.
The AGI that matters is that on the 2020 1040. The RRC is calculated on that, less EIP 1 and 2 received. If there is a balance they get a credit on the 1040.
The more I know the more I don’t know.