Can someone answer this question, the kids monies that was received on a joint return is it allocated 50/50 to each parent? - Intuit Accountants Community

Welcome back! Ask questions, get answers, and join our large community of tax professionals.

Can someone answer this question, the kids monies that was received on a joint return is it allocated 50/50 to each parent?

Recovery rebate entry

1 Comment 1

If you mean the money the PARENTS received BASED on the kids based on a MFJ return, yes, each parent is allocated 50%.