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Level 3
February 22, 2021
Solved

Economic Stimulus Payments

  • February 22, 2021
  • 5 replies
  • 42 views

I have a client whos Economic Stimulus Payment was applied to delinquent debt. How do I properly input this on the worksheet so he doesn't receive a credit for receiving less than he sh

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Best answer by IRonMaN

The amount that was applied the same as if the client received a check.

5 replies

IRonMaN
IRonMaNAnswer
Level 15
February 22, 2021

The amount that was applied the same as if the client received a check.

Slava Ukraini!
Level 3
February 23, 2021

thanks so much!  I have another question on the Proseries Recovery Rebate Worksheet.  My client earned more than the maximum and received a partial payment.  There is no place to enter a number so he doesn't receive a credit?

IRonMaN
Level 15
February 23, 2021

Enter what they actually received.  If their income is lower in 2020, it is possible to generate a credit on the 2020 return.

Slava Ukraini!