Question
I'm working on a my 1040 line 30 and Schedule E (Fair Rental Days). I am attaching all the information you may need to help
I'm working on a my 1040 line 30 and Schedule E (Fair Rental Days). I am attaching all the information you may need to help me. Of course, if you need any more information from me, please let me know.
The Arcs recieved a $3,400 EIP in 2020. So, the question on line 30 of my 1040 asks about a recovery rebate credit. You may also need to know this number that is from line 11 on my 1040 which is $72,722. It does not specify if this was the EIP 1 OR 2, but I imagine its the 1st one they got since that was $2,400 for Married Filling Jointly and an additional $500 for each qualifing child which they had two both under 18.
So, my question is what is their recovery rebate credit for 2020? Or do they even have one?
Thank You in Advance!
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