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January 7, 2021
Question

How do you locate the Recovery Rebate Credit? I am not able to locate line 30. I work a 9-5 job and have a home based business. I am using the Self Employed version.

  • January 7, 2021
  • 1 reply
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1 reply

DoninGA
Employee
January 7, 2021

The TurboTax program asks about the 2020 stimulus in the Federal Review section of the program.  It will enter the proper of amount of the Economic Impact Payment that you are eligible to receive in 2021 on the 2020 Form 1040 Line 30.

Note - The software has not yet been updated for the 2nd stimulus payment.  It should be available after the IRS finalizes the calculations for the Form 1040 Line 30.