2231129
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?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Trafco
New Member
dspoon-outlook-c
New Member
rohitchavan9
New Member
ihatetaxes123123
Level 2
hat7684
Returning Member