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How can I claim recovery Rebate Credit for eligible dependents in the 2020 tax return?

 
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10 Replies 10
abctax55
Level 15
Enter them on the dependent screen. Enter amounts already received, last spring and this year. Let the software do it's thing.... you'll either get more or nothing. If you got too much... you don't have to pay it back.
Former Chump..oops..AllStar...I used to be a people person, then people ruined it


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Thank you for the reply. However, I cannot enter amounts on the dependent screen. Could you plz advise where can i put this amount in Proconnect Tax? Thanks!

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abctax55
Level 15

If you mean the amounts of EIP #1 & # 2, those AMOUNTS are entered in the 'credit' screen (at least in Lacerte).  I don't use PTO, so you'll have to look for the data entry point.

Former Chump..oops..AllStar...I used to be a people person, then people ruined it


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Solved! Thank you very much for the help!

amchoudini10
Level 1

How were you able to complete this? Do you mind giving a step by step?

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qbteachmt
Level 15

Here is the Help article for ProConnect:

https://proconnect.intuit.com/community/form-1040/help/how-to-enter-stimulus-payments-and-figure-the...

You have to Click on the links provided to you in the topics, to get the help from them.

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amchoudini10
Level 1

It is still not giving him the $600 for the dependent. There is no place to enter it for a dependent on that screen.

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qbteachmt
Level 15

It uses the filing status and the dependent info and the AGI to determine if there is Eligibility.

You enter how much they already got for each EIP.

The program determines if they are entitled to any more than what they already got.

Are you sure there is supposed to be more? Is the EIP 1 or 2?

Perhaps it would help to review what is really happening for EIP “stimulus” funds: The funds were paid out as Advanced payment against a projection. The first two payouts were projected based on 2018 or 2019 tax returns, but the eligibility is part of tax year 2020 as 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 eligible for consideration as individual filers. That doesn't mean "not being claimed." It means "no longer qualifies as a dependent." You must correctly address whether they Can be Claimed as a dependent on someone else’s tax return.

The third payout which started in Jan 2021, has different eligibility rules as to dependents and this payout is a projection, using 2019 or 2020 tax returns, then reconciled against Actuals on the 2021 tax return.

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

Interactive wizards portal includes one 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

https://www.irs.gov/newsroom/irs-is-issuing-third-round-of-economic-impact-payments
https://www.irs.gov/coronavirus/third-economic-impact-payment
https://www.irs.gov/newsroom/more-economic-impact-payments-set-for-disbursement-in-coming-days-taxpa...
https://www.irs.gov/newsroom/more-details-about-the-third-round-of-economic-impact-payments


One for each of the three EIP “stimulus” payments.

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qbteachmt
Level 15

Here is the Help article for ProConnect:

https://proconnect.intuit.com/community/form-1040/help/how-to-enter-stimulus-payments-and-figure-the...

 

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abctax55
Level 15

Enter them on the dependent screen. Enter amounts already received, last spring and this year. Let the software do it's thing.... you'll either get more or nothing. If you got too much... you don't have to pay it back.

Former Chump..oops..AllStar...I used to be a people person, then people ruined it


If a post answers your question, click on *Accept as solution* for future searches
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