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recovery rebate credit

AdrianeD
Level 3

Why are some of the tax returns showing a change to the return for the refundable rebate credit when the return was filed correctly???

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6 Comments 6
qbteachmt
Level 15

This announcement was issued a month ago:

https://proconnect.intuit.com/community/proseries-tax-news-updates/discussion/proseries-2020-produce...

 

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Just-Lisa-Now-
Level 15
Level 15
Oddly, they didnt send it out as a program alert though, so the only way people would see it is if they went digging in News and Updates here in the Online Community.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
AdrianeD
Level 3

The announcement referred to below doesn't address the recovery credit. It has to do with a sale of real property.

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AdrianeD
Level 3

The tax return originally filed included the correct amount of the refundable recovery credit. The ProSeries tax program came back with a "change to the tax return" report showing the original filing with out the recovery credit and the revised information with the credit. I prepared the return with the credit originally. There should not have been a change to their tax return. I have had several clients that this happened to and each client the return was filed correctly. Why did this happen? What was filed with the IRS my original information or what the tax program shows????

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qbteachmt
Level 15

"The announcement referred to below doesn't address the recovery credit"

Oops, wrong Copy-Paste...

https://proconnect.intuit.com/community/proseries-tax-news-updates/discussion/proseries-2020-produce...

 

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qbteachmt
Level 15

"Why did this happen?"

Follow the corrected link.

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