RECOVERY REBATE CREDIT

[joeh]

Client was claimed as dependent on 2019 return.in 2020 not being claimed as is now 24 years old and oouf school

should be eligible to recover credit on return for 2020 for second stimulus ...question is...on worksheet should i acknowledge receiving full amount in 2019 so as not to add that payment?

[TAXOH]

If they did not get it they can get it when they file as long as they are not a dependent of anyone in 2020.

[joeh]

I am comfortable with client getting second stimulus via tax return based on 2020 filing status

for software to not include first stimulus for which client was a dependent...should I acknowledge it as received on worksheet/

[TAXOH]

On the dependents return you do not acknowledge it was received because it wasn't. 

[IRonMaN]

Folks are making this stuff way more difficult than it has to be. 😢

[joeh]

thank you...however by not acknowledging in worksheet the software includes the 2019 $1200   with the 2020 return which is not accurate as the client was ineligible for first stimulus payment

[qbteachmt · Accepted solution]

This is incorrect: "for software to not include first stimulus for which client was a dependent"

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. That doesn't mean "not being claimed." It means "no longer qualifies as a dependent."

[joeh]

thank you...fully agree.. now that you remind me that 2020 is the year to be considered for the payments

[TAXOH]

Why do you think they weren't eligible for the first one of 1,200?

[mcagan]

I have the same situation, and entered -1 in both Pmt 1 and 2 slots. But the RRC isn't showing up on the tax return - it's coming up zero even though it should be $1800. Not sure if I missed checking a box somewhere or something. Any guidance?

[qbteachmt]

"and entered -1 in both Pmt 1 and 2 slots"

Are you using Lacerte or ProSeries?

https://proconnect.intuit.com/community/configure-products/help/how-to-enter-stimulus-payments-and-f...

[mcagan]

I'm using ProConnect, and I followed the instructions for how to enter the non-received payments. Not sure what's glitching. I deleted and re-entered a few times. Ran diagnostic and got no pings.

[qbteachmt]

@mcagan 

"I'm using ProConnect"

You're in the wrong forum, then. You posted in ProSeries.

Here is your Help article:

https://proconnect.intuit.com/community/form-1040/help/how-to-enter-stimulus-payments-and-figure-the...