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IRS states we do not have to fill out recovery worksheet but our program is making us. couldn't they just put a check box on the info sheet to
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I would not advise this @Rando75 but within global options you can check the box to eliminate the error and program will assume full $$ amounts were received.
Open any client or create and under options/misc. you will find what you seek.
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So you don't think there will ever be a time when the EIP received differs from what the taxpayer is eligible to receive?!?!?
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@Rando75 wrote:
IRS states we do not have to fill out recovery worksheet but our program is making us. couldn't they just put a check box on the info sheet to
You need to input the 2 dollar amounts that each client received in order for the RRC to compute properly..
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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So I had a client in today, she make quite a bit more money in 2018 and 2019 than 2020.
So her first EIP was only $401 (based on 2018)
The second one she got zero, due to her 2019 income exceeding the limit.
But in 2020 her income qualified her for the full amount of $1800. so she got the $1399 on her tax return.
If Id just marked a box somewhere, would it have given her this correct amount?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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That would be my concern, exactly!!!
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Box only for those who received full amount
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i said full amount $1200 $600