turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Joe185
Returning Member

Incom why ame I getting a $10,000.00

Why am I getting a -$10.000.00  on incomewhy is this happening

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Incom why ame I getting a $10,000.00

Did you report a 1099-G for Unemployment Comp?  The first $10,200 is nontaxable.

JohnB5677
Expert Alumni

Incom why ame I getting a $10,000.00

This sounds like you may have gotten the $10,200 exemption for unemployment.  

 

It is first recorded on Schedule 1 as Unemployment Compensation on line 7.  Then on line 8 there is a UCE (Unemployment Compensation Exclusion) of -$10,200. This is then carried over and posted to your tax return (1040) on line 8.

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question