You'll need to sign in or create an account to connect with an expert.
Yes you have to enter it.
If you have unemployment you can exclude up to 10,200 (for each spouse) if your income is under $150,000. Your unemployment compensation will be on Schedule 1 line 7. The exclusion will be on Schedule 1 Line 8 as a negative number. The result flows to Form 1040 Line 8.
For the Unemployment 10,200 exclusion......
Turbo Tax is updated for it. You don't have to do anything special to get it. It is automatic. Just enter the full amount on your 1099G.
Yes you have to enter it.
If you have unemployment you can exclude up to 10,200 (for each spouse) if your income is under $150,000. Your unemployment compensation will be on Schedule 1 line 7. The exclusion will be on Schedule 1 Line 8 as a negative number. The result flows to Form 1040 Line 8.
For the Unemployment 10,200 exclusion......
Turbo Tax is updated for it. You don't have to do anything special to get it. It is automatic. Just enter the full amount on your 1099G.
State treatment may be different.
Great! Thanks
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ihatetaxes123123
Level 2
hat7684
Returning Member
Kitty-23
Level 1
KScottK
Level 1
ted_murkowski
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.