- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
The correct way the unemployment on the return is to have it show on the sch 1 line 7 (full amount received) and the exclusion on the sch 1 line 8 (up to the amount on line 7 or the max allowed). No CP2000 will be issued because you DID report all your income. The exclusion is a totally separate matter.
The netting of the hobby income against the exclusion is just math. See the statement showing them both being reported.
‎July 29, 2021
7:40 AM