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Get your taxes done using TurboTax
@Bolivious wrote:
I'm using Home and Business software and trying to find where Schedule 1 line 8 is to put the Unemployment Credit of $10,200. How do I get there?
The unemployment compensation exclusion was updated across all TurboTax platforms, online and desktop, on 03/26/2021.
The exclusion is reported on Schedule 1 Line 8 as a negative number. The unemployment compensation received is on Line 7 of Schedule 1. The result flows to Form 1040 Line 8.
Have you updated your software to the latest release? Are you using a Windows or a Mac personal computer?
You do not enter the exclusion on Schedule 1. The TurboTax software calculates the exclusion and enters that on Schedule 1.
To view the Schedule 1 click on Forms.
‎April 6, 2021
7:24 AM