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Level 5
February 4, 2021
Question

Rebate Recovery

  • February 4, 2021
  • 21 replies
  • 107 views

I have a client who lives with and is a dependent of her parents but she's filling for the first time with a 1099 for $24. Because she's filing for the first time it is showing that she should get $1,200 and $600 stimulus payments added to her return. Would this be correct or should I put in what her parents received FOR her in E1 and E2?

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21 replies

Just-Lisa-Now-
Intuit Community Champion
February 4, 2021

if she is a dependent of her parents, be sure you mark the boxes on the Fed Info worksheet that she is such...no recovery rebate should compute for her.  This is what it looks like in Professional, Basic should be similar

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 5
February 5, 2021

Did that right away but Recovery Rebate still comes up with a credit of $1,800

abctax55
Level 15
February 4, 2021

You "should" mark that she is being claimed as a dependent of someone else.

HumanKind... Be Both
TAXOH
Level 10
February 4, 2021

Make sure she is marked as a dependent on the federal information worksheet.

abctax55
Level 15
February 4, 2021

Beth... jinx 😁

edit,

and Lisa.... 😂

HumanKind... Be Both
sjrcpa
Level 15
February 4, 2021

Why is she filing a tax return for $24 of income?

The more I know the more I don’t know.
abctax55
Level 15
February 4, 2021

To get $ 1800 in "free" money?

HumanKind... Be Both
IRonMaN
Level 15
February 4, 2021

Only one thought comes to mind - holy crap!

Slava Ukraini!