Turbo incorrectly calculating a stimulus rebate when not entitled.

Forum|Forum|5 years ago
February 9, 2021
1 reply
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Turbo asked to verify stimulus payments. For a single tax payer, entitled to two payments of $600 each which were received. Entered this into the questions on the stimulus and it set up an additional rebate of $600. I believe this is erroneous.

DoninGA

Employee

The stimulus payments to a Single tax payer would be $1.200 for EIP1 and $600 for EIP2. Is this what you entered?

controllerAuthor

According to IRS website, a total of $1,200 payment for eliegible individuals with no qualifying children was the amount to be issued. Received two payments of $600 each totaling $1,200 whish was entered into Turbo and it prepared a schedule of a rebate refund for an additonal $600.

DoninGA

Employee

@controller wrote:

According to IRS website, a total of $1,200 payment for eliegible individuals with no qualifying children was the amount to be issued. Received two payments of $600 each totaling $1,200 whish was entered into Turbo and it prepared a schedule of a rebate refund for an additonal $600.

On the TurboTax page for entering stimulus payments received or not received, where did you enter the $1,200? In the first box or the second box? The first box was ONLY for the first stimulus payment of $1,200 and the second box was ONLY for the second stimulus payment of $600.