watthong Posted May 12, 2021 Posted May 12, 2021 I am doing my tax return for 2020. Just wondering which category of income or earning should I put the stimulus (1st + 2nd) money in? I am going to use Turbo tax so maybe they will ask for that specifically somewhere down the line? Thank you in advance for any tip/pointers, much appreciated. 1
Sheryl Posted May 12, 2021 Posted May 12, 2021 My understanding is that ti is not taxable and does not need to be declared as income. 1 1
shortstop2 Posted May 12, 2021 Posted May 12, 2021 20 minutes ago, Sheryl said: My understanding is that ti is not taxable and does not need to be declared as income. Yup, that's what it says in Question J2 in the following link. https://www.irs.gov/newsroom/first-economic-impact-payment-questions-and-answers-topic-j-reconciling-on-your-2020-tax-return 1 1
watthong Posted May 13, 2021 Author Posted May 13, 2021 Thank you both for the answer and the link. That does the trick, thanks.
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