EIC and Economic Stimulus

Forum|Forum|5 years ago
February 11, 2021
5 replies
19 views

y does the EIC credit disappear if you input 0 amounts for stimulus received. You get the stimulus but the EIC does not calculate.

ProSeries Professional

This topic has been closed for replies.

T

TaxGuyBill

It is not supposed to do that.

Have you double checked that is what is happening? There is $0 of EIC on the tax return? And what if you enter that the taxpayer received the full amount of stimulus, does it then show an amount for EIC?

D

DonDAuthor

Level 2

Yes, it is giving a 0 amount for EIC but allowing a refund of the unreceived stimulus and any withholding.

qbteachmt

Level 15

Whose tax return is this? Is that person able to be claimed as a dependent by someone else? Are you trying to use the lookback provision?

Don't yell at us; we're volunteers

D

DonDAuthor

Level 2

No, the correct staus is selected, not a dependent and lived is us all year. Just blocks out eic.

qbteachmt

Level 15

@DonD

"and lived is us all year."

Lived with you? Are you not creating your Clients' tax returns, as a professional paid tax preparer?

You seem to be lost on the internet.

You’ve come to a Peer User community for Intuit Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte , and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Thanks.

Don't yell at us; we're volunteers

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