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Get your taxes done using TurboTax
@delphisuzanne wrote:
IRS provided instructions on how to handle this adjustment. See New Exclusion of up to $10,200 of Unemployment Compensation | Internal Revenue Service (irs.gov).
Why can't it be possible to do the entries manually on that schedule 1 according to instructions?
Also how hard is it to deduct $10,200 from your unemployment benefits as long your are eligible ?
The software will be updated on 03/19 for the unemployment compensation exclusion.
March 18, 2021
7:24 AM