recovery rebate credit

Forum|Forum|5 years ago
February 26, 2021
1 reply
4 views

If a client was a dependent in 2018 and 2019 and is filing as an independent in 2020, is she entitled to receive the recovery rebate credit?

If her parent received a recovery rebate credit for her dependent, should that be listed on the independent return?

ProSeries Basic

This topic has been closed for replies.

qbteachmt

Level 15

"and is filing as an independent in 2020"

Perhaps it would help to review what is really happening:

The funds were paid out as Advanced payment against a projection. The projection used 2018 or 2019 tax returns. But 2020 is the Actuals. You use the 2020 return to reconcile what a person is entitled to, against what they got.

If the person is not a dependent in 2020, then they would be entitled to the payment/credit as individual filers. That doesn't mean "not being claimed." It means "no longer qualifies as a dependent."

You might want to bookmark these links and read the IRS guidance.

Interactive wizards portal for determining dependency:

https://www.irs.gov/help/ita

And:

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-a-eip-eligibility

https://www.irs.gov/coronavirus/second-eip-faqs#Eligibility

One for each EIP.

Don't yell at us; we're volunteers

Sign up

Login with SSO

Let's get you signed in

Login with SSO