itonewbie
Level 15
12-14-2020
10:24 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Your client will be eligible for the Recovery Rebate Credit. The reconciliation against the EIP received is done on the Recovery Rebate Credit Worksheet found in the instructions for F.1040. The balance will then flow through to Line 30 of F.1040 (unless the draft is later updated), which has the effect of reducing the balance due or increasing the refund.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar