Penni
Level 2
01-29-2021
08:04 AM
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Have a client that is allowed to take child every other year on tax return. 2020 is the year for him to take child as dependent. The Recovery Rebate Credit is calculating a credit for the dependent of $1100.00 and adding it to their refund. The mother took the child last year as a dependent and received the rebate for the child based on 2019 tax return. Have researched this situation but can not find any clarification on how to handle this. Any thoughts? I am thinking not take the additional credit.
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