My 1099--G is for $12,000. $10,200. is non-taxable. How do I adjust it on my return.

posted

TurboTax is working on implementing the changes of the American Rescue Plan Act of 2021. Please be patient.

If your modified adjusted gross income (AGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable.

Please see Unemployment FAQs (scroll down) for details and updates.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

My name is on a Coinbase account as nominee for a partnership's crypto sale. The partnership receives all funds from crypto sales to its bank account, filed its 1065 & issued a K-1 to partners, including myself. How do I report on my personal return?

in Business & farm

Expert does your taxes

Do it yourself

Resources

Support

My 1099--G is for $12,000. $10,200. is non-taxable. How do I adjust it on my return.