2183919
You'll need to sign in or create an account to connect with an expert.
that's exactly the way it's supposed to be reported per the IRS. report gross (line 7) then take a subtraction for the exclusion (line 8). TurboTax computes the exclusion automatically so you need do nothing.
Due to the American Rescue Plan Act of 2021 the unemployment compensation exclusion is up to $10,200. The exclusion is on Schedule 1 Line 8.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
team763
New Member
lakenharris
New Member
legendlime79
New Member
BC72
New Member
M298
Returning Member