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Where do you enter the Economic Impact payments received for dependents?

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Level 15
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Level 1

I also found those articles/links but it doesn't mention anything about a dependent child (newborn in 2020 specifically).  From what I am reading children born in 2020 could qualify for Stimulus based of parents income.  I haven't had any luck finding anything within Lacerte that generates the credit.  Any help would be appreciated.

Thanks,

Sean

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Level 15

"I haven't had any luck finding anything within Lacerte that generates the credit."

It's part of your answering the 1040 if they got EIP1 and/or EIP2. Both of those are Advance payments based on the projection for 2020. Having a qualifying child in 2020 means they likely will have a Difference between what they are now entitled to and how much they already received. And of course, this needs to Qualify, such as, meets the income limitation.

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Level 15

"but it doesn't mention anything about a dependent child"

I think you are overthinking this. Just fill in the info per the screens.

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Level 1

Yep!! Sorry for wasting your time. Much appreciated. 

Level 15

"Sorry for wasting your time."

We've all been lost in those same weeds at one time or another.

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