You'll need to sign in or create an account to connect with an expert.
You will need to report on your 2020 tax return what is included in box 1 of your 2020 1099G. There are many instances where overpayments from the Pandemic Unemployment Assistance are being waived by the states. I would recommend including in income what is reported on your 1099G and if you are later deemed to owe those amounts back in a later year, here are your options:
Repayment of $3,000 or less - If the income was reported as wages, unemployment, or other nonbusiness income, no deduction is allowed.
Repayment more than $3,000. The taxpayer can choose to either:
In the 1099G unemployment benefits input screens in TurboTax, you will be lead through the process of entering any repayments you made in subsequent years.
Click HERE for more information on entering Unemployment Benefits in TurboTax
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
aavb132
New Member
megan0956
Returning Member
OxanaD
Returning Member
uniformgc1177
New Member
APK01
Level 1
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.