topic The IRS said to put in a minus 10200 on line 8 iin form 1099 for unemployment but I dont see line 8 in Get your taxes done using TurboTax

The IRS said to put in a minus 10200 on line 8 iin form 1099 for unemployment but I dont see line 8

Riomystic1 — Mon, 15 Mar 2021 18:18:42 GMT

Re: The IRS said to put in a minus 10200 on line 8 iin form 1099 for unemployment but I dont see ...

AnnetteB6 — Mon, 15 Mar 2021 18:29:48 GMT

TurboTax is waiting on further guidance from the IRS as things are being updated to handle this recent change.

Take a look at the following TurboTax article for more details and use the link in the article to register your email to be notified when everything is ready to go:

How do I claim the new unemployment benefits in TurboTax?

Re: The IRS said to put in a minus 10200 on line 8 iin form 1099 for unemployment but I dont see ...

Riomystic1 — Mon, 15 Mar 2021 21:37:20 GMT

what further guidance do you need? That link is FROM the IRS Turbo should get the latest info and act quickly Disappointed

Re: The IRS said to put in a minus 10200 on line 8 iin form 1099 for unemployment but I dont see ...

KrisD15 — Mon, 15 Mar 2021 21:55:05 GMT

If you are doing your own 2020 tax year tax return, entering the lower amount of unemployment might work for the federal 1040 HOWEVER it is not yet clear how the states will react.

Even adding a blurb to reduce the unemployment would be time-consuming since this is a huge software program.

I'm not a programmer, but I assume the 1099-G will be entered as shown and the program will adjust the tax as is appropriate.