Turbotax performed an update upon opening the program today, April 12th. We are still experiencing the issue where unemployment is not counted in calculating MAGI. Therefore, Turbotax is deducting the $10,200 unemployment credit when it should not be. However, the full value of the unemployment income is included on Line 7 of Schedule 1 - Additional Income and Adjustments To Income but incorrectly deducting the $10,200. The Schedule 1 Line 8 - Other Income Statement shows that the "Unemployment Compensation Exclusion Smart Worksheet" also does not include unemployment in its calculation on Line A from the 1040 or Schedule 1. This is causing the issue of underreporting MAGI.
