Level 3
This widget could not be displayed.

EIP2 received in January 2021. Is it reported for tax year 2020.

Labels (1)
0 Cheers
Level 11
Level 11
This widget could not be displayed.

It gets reconciled on the 2020 return.

Level 15
This widget could not be displayed.

Perhaps it would help to review what is really happening:

The funds were paid out as Advanced payment against a projection. The projection used 2018 or 2019 tax returns. But 2020 is the Actuals. You use the 2020 return to reconcile what a person is entitled to, against what they got.

If the person is not a dependent in 2020, then they would be entitled to the payment/credit as individual filers. That doesn't mean "not being claimed." It means "no longer qualifies as a dependent."

You might want to bookmark these links and read the IRS guidance.

Interactive wizards portal for determining dependency:


One for each EIP.

"Level Up" is a gaming function, not a real life function.
0 Cheers