sjrcpa
Level 15

There is no payback of EIP.

There is potential payback of advanced child credit.

Your reconciliation is not the problem. It is what it is.

Total tax less allowable credits less withholding and estimated tax payments = balance due.

If child is properly not able to be claimed as a dependent on his parents' return, he files his own return and can get the RRC since he did not receive the EIP.

 


The more I know the more I don’t know.