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Economic Stimulus Payments

Leetpurple
Level 3

I have a client whos Economic Stimulus Payment was applied to delinquent debt. How do I properly input this on the worksheet so he doesn't receive a credit for receiving less than he sh

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IRonMaN
Level 15

The amount that was applied the same as if the client received a check.


Slava Ukraini!

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5 Comments 5
IRonMaN
Level 15

The amount that was applied the same as if the client received a check.


Slava Ukraini!
Leetpurple
Level 3

thanks so much!  I have another question on the Proseries Recovery Rebate Worksheet.  My client earned more than the maximum and received a partial payment.  There is no place to enter a number so he doesn't receive a credit?

IRonMaN
Level 15

Enter what they actually received.  If their income is lower in 2020, it is possible to generate a credit on the 2020 return.


Slava Ukraini!
Leetpurple
Level 3

Thank you so much!

IRonMaN
Level 15

You betcha!


Slava Ukraini!