I wonder if someone here has some insight. I have an uncle who retired in January of 2019 and moved out of the country. He sold two homes and paid taxes on the profits when he came back to the states to do his 2019 taxes in early March 2020. His only source of income since February of 2019 have been pension and social security payments. He's not sure if he should be expecting a payment or not. He was leaning towards "yes", but when I called to check up on him, I told him that they may count the profits from the sale of the homes as income, which would then put him over the $99,000 income limit for a single person. Since the stimulus was an advance on a tax credit, I'm thinking that he may get the money when he files his 2020 taxes next year.
What do you guys think?