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Level 3
December 4, 2020
Question

2020 Entry Points For New Form 1040 Lines 10b and 30

  • December 4, 2020
  • 2 replies
  • 16 views

The new form 1040 for TY 2020 has two new lines.  However, I cannot find the entry points for the data.  The lines are

Line 10b. Charitable Contributions If you don't take standard deduction

Line 30. Recovery rebate credit.

Or will the entry points be made available with a later release?  Thanks, Mike. 

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2 replies

abctax55
Level 15
December 4, 2020

The program is not ready for prime time...so wait for next weeks update.  MANY things aren't available yet.

HumanKind... Be Both
rbynaker
Level 13
December 5, 2020

I would expect (hope?) that the charitable contribution entered for Schedule A will automatically flow to 10b (and be limited to $300) if the taxpayer does not itemize.