Question

Should Turbo Tax disregard the rebate amount received once the AGI is finalized?

Forum|Forum|3 years ago
January 26, 2023
1 reply
0 views

The return showed $ 406 in rebate but the AGI was over $ 75k. Turbo Tax did not discount it and the return was filed. She now owes the IRS $ 420.00 (includes interest).

TurboTax Online

VolvoGirl

Employee

What rebate? We need more details. Please explain more. I don't understand your post.

J

jwleffsr8-aol-coAuthor

I may have used the wrong word when I said rebate. It was actually the stimulus payment

As I mentioned it should not have appeared on the form due to the AGI being less than $75k

X

xmasbaby0

Employee

Use the AGI that is on line 11, no matter what happened with the recovery rebate later.

If that does not work try zero

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**