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Do foreign unemployment benefits count towards the new 2020 unemployment compensation exemption of $10200, for reporting on Schedule 1, Lines 7 and 8?
I saw in the tax code:
" the term "unemployment compensation" means any amount received under a law of the United States or of a State which is in the nature of unemployment compensation."
Does this mean the unemployment compensation just has to match the nature of it, or has to be given by the US or a US state?
‎April 12, 2021
11:30 AM