May 12, 20215 yr 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.
May 12, 20215 yr My understanding is that ti is not taxable and does not need to be declared as income.
May 12, 20215 yr 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
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