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Retirement tax questions
@SeaLady321 Have no idea where you are seeing instructions for answering NO if you received unemployment compensation.
Follow the steps I posted to enter the Unemployment Compensation
IF you received unemployment compensation reported on a Form 1099-G, then when asked if you received unemployment on a Form 1099-G, answer YES. After entering the amount received the TurboTax program will calculate the exclusion.
The exclusion is reported on Schedule 1 Line 8 as a negative number. The unemployment compensation received is on Line 7 of Schedule 1. The result flows to Form 1040 Line 8.
‎April 12, 2021
7:34 AM