Recovery Rebate Credit
Client attained custody of her grandchild for all of 2020.
Her stimulus payments were:
# 1 - $1200.00
#2 - $600.00
Now that the grandchild is her dependent ProSeries is calculating her stimulus payments should have been $1700.00 and $1200.00 giving her a recovery rebate of $1100.00 in her 2020 refund.
Is this calculation correct??
