As of yesterday the Lacerte professional version of TurboTax was updated to generate the unemployment compensation exclusion. It simply added a checkbox to “apply the American rescue plan act provisions”. It is calculated using form 1040 lines 1-7 and schedule 1 lines 1-7 income and subtract 1040 line10b and schedule 1 lines 10-21. Modified AGI has to be less than $150k MFJ.
