@DoninGA wrote:
@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.
@DoninGA - Where did you see that Don? I cannot locate it.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
