Re: Do i take the adjustment to unemployment income or will the IRS make the adjustment of 10,200 ?

Do i take the adjustment to unemployment income or will the IRS make the adjustment of 10,200 ?

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The IRS will make the adjustment for you automatically if you filed before the legislation was enacted. The IRS asks that taxpayers do not amend.

For more information, see: New Exclusion of up to $10,200 of Unemployment Compensation | Internal Revenue Service

If you did not file yet, TurboTax will automatically give you the $10,200 exclusion when you enter your 1099-G for unemployment. You do not have to do anything to get it. The exclusion will appear on Schedule 1 line 8.

I just found the E*trade supplemental info with the adjusted cost basis for my 2023 vested RSUs. Should I amend my 2023 return to fix the cost basis ($0) that I reported?

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Do i take the adjustment to unemployment income or will the IRS make the adjustment of 10,200 ?

Do i take the adjustment to unemployment income or will the IRS make the adjustment of 10,200 ?

Do i take the adjustment to unemployment income or will the IRS make the adjustment of 10,200 ?

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Do i take the adjustment to unemployment income or will the IRS make the adjustment of 10,200 ?

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Do i take the adjustment to unemployment income or will the IRS make the adjustment of 10,200 ?

Do i take the adjustment to unemployment income or will the IRS make the adjustment of 10,200 ?

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