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Retirement tax questions
Unemployment you enter goes to Schedule 1, Line 7. Then on Line 8 (of Schedule 1, not your 1099-G) you should see a subtraction of your unemployment (up to $10,200). What are you being asked? And is it referencing an amount of $2,020 or the tax year 2020?
If you had less than $10,200 of unemployment, none of it is taxable and Line 8 will offset Line 7, leaving no taxable UE income on Form 1040. See example below.
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May 11, 2021
8:34 PM