Question
Unemployment compensation refund
Hello, I was unemployed at the end of 2020 and because of the changes in the tax laws to correct my unemployment compensation, I received a refund from the IRS for $995 in November of 2021. I am wondering if I need to report that refund amount as income and if it's taxable? If I need to report it, when/where do I enter that in Turbo Tax? I didn't receive any special type of form from the IRS about this, just a letter/notice in the mail telling me about the refund and the amount. Doesn't say on there if I need to report it. Just want to make sure I'm doing the right thing as I'm starting to do our taxes today in TT. Thanks in advance for your help!
Steve
