@dfschmagel wrote:
The UCE Worksheet is not even included in the IRS publication 915 nor in the update they issued on 3/25/21.
Such confusion. I am assessing penalty and interest against both the IRS and TurboTax! Failure to issue clear instructions!
The unemployment compensation exclusion is Not used to calculate the taxable amount of Social Security benefits.
IRS website - https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation
When figuring any of the following deductions or exclusions, include the full amount of your unemployment benefits reported on Schedule 1, line 7 (unreduced by any exclusion amount): taxable social security benefits, IRA deduction, student loan interest deduction, nontaxable amount of Olympic or Paralympic medals and USOC prize money, the exclusion of interest from Series EE and I U.S. Savings Bonds issued after 1989, the exclusion of employer-provided adoption benefits, the tuition and fees deduction, and the deduction of up to $25,000 for active participation in a passive rental real estate activity.
