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Deductions & credits
@jtolpin1, The TurboTax online software is updated to reflect the exclusion of up to $10,200.
Make sure your TurboTax is updated and then try to update as follows.
First, you must enter your 1099-G. To do so, please follow the instructions below:
- Open or continue your tax return in TurboTax.
- Search for unemployment compensation and select the Jump to link.
- On the Did you receive unemployment or paid family leave benefits in 2020? screen, answer Yes.
- Follow the instructions to enter your unemployment.
Then, you can confirm it was removed by following the instructions below:
- Click on Tax Tools.
- Click on Tools.
- Click View Tax Summary.
- Click on Preview my 1040.
- Scroll down to Schedule 1, Part 1. You will see your unemployment on Line 7 and the deduction of up to $10,200 on Line 8.
March 24, 2021
12:15 PM