EIP 1 and EIP 2
If EIP 1 and EIP 2 are inadvertently left out (not reported) in Form 1040 for 2020, which causes Line 30 (recovery rebate) to show an erroneous bigger value, what is the best way to deal with it? Assuming the return is accepted by IRS, should a 1040X be filed asap or can it be adjusted/amended when filing 1040 next year (for 2021)? Kindly advise. Thanks in advance.
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