The deduction for the 10,200 unemployment exclusion? No, it is automatic. Turbo Tax is updated for the 10,200 exemption. You don't have to do anything special to get it. Just enter the full amount on your 1099G. Your unemployment compensation will be on Schedule 1 line 7. The exclusion will be on Schedule 1 Line 8 as a negative number. The result flows to Form 1040 Line 8.
If the exclusion doesn't show up and reduce your income then delete the 1099G and re enter it.
Or do you have a high income?
If you have unemployment you can exclude up to 10,200 (per spouse) if your income is under $150,000. Your unemployment compensation will be on Schedule 1 line 7. The exclusion will be on Schedule 1 Line 8 as a negative number. The result flows to Form 1040 Line 8.
