hartzmancpe@gma i
Level 2
08-28-2020
02:58 PM
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Should the adult children, 23 and 26 who won't be dependents of parents for 2020 get a credit for not getting the $1,200?
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Level 11
08-28-2020
03:28 PM
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Worry about the 2020 returns when we actually have 2020 returns to prepare.
In theory, the true-up process on the 2020 returns will result in each of the adult children getting whatever credit they're entitled to for 2020, with no reduction for a 2019 advance payment. Which might be $1,200 each, but no good comes from counting those chickens now.