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Stimulus Credit for dependent that alternates between parents

barbara2
Level 1

How are others entering stimulus payments made to ex spouse when child alternates years?  It shows as a credit due when in fact the ex spouse received the payment.  I added the payment as though my client received it with a notation that it was paid to another, so that the credit which I know would be double dipping goes away.

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IRonMaN
Level 15

Only enter what was actually received.  The IRS opened a new ice cream shop this year and double dipping is now allowed.


Slava Ukraini!

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4 Comments 4
sjrcpa
Level 15

Double dipping is allowed in this situation.


Ex-AllStar
IRonMaN
Level 15

Only enter what was actually received.  The IRS opened a new ice cream shop this year and double dipping is now allowed.


Slava Ukraini!
BobKamman
Level 15

If it makes you feel any better, consider Johnny whose parents were killed in a car accident last May.  They got both EIP's based on their 2019 return, and now since he went to live with Uncle Fred, he can be claimed on that 2020 return also.  

qbteachmt
Level 15

"It shows as a credit due when in fact the ex spouse received the payment."

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.

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

Interactive wizards portal for determining dependency:

https://www.irs.gov/help/ita

And:

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-a-eip-eligibility

https://www.irs.gov/coronavirus/second-eip-faqs#Eligibility

One for each EIP.

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