@FS wrote:
Can I just report net Unemployment Compensation in Turbo Tax after manually reducing the actual received by the $10,200 Credit so as to complete the return now? The forthcoming "worksheet" under development won't be a required form anyway will it?
No, you cannot just enter the reduced unemployment compensation on your tax return. The full amount of the unemployment compensation received is entered on Schedule 1 Line 7 and the exclusion amount is entered on Line 8 of the Schedule 1. The amount from Schedule 1 Line 9 flows to the Form 1040 Line 8.
