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March 26, 2021
Question

Recovery Rebate Credit

  • March 26, 2021
  • 1 reply
  • 0 views

Your software is requesting that I enter stimulus payment 1 and payment 2.  Payment 2 hit my checking account Jan4th 2021.  Do I still enter payment #2 since it is a 2021 payment? 

    1 reply

    DoninGA
    Employee
    March 26, 2021

    The second stimulus payment is an advance tax credit from the 2020 tax return so you need to enter receiving the 2nd stimulus on the 2020 federal tax return.