When I enter my 1099G for Unemployment compensation, the amount is not being offset by a credit for the amount. The IRS exception for $10K of Unemployment is not being applied. How do I make Turbo Tax prompt to make the adjustment.
You'll need to sign in or create an account to connect with an expert.
For tax year 2022 there is not an unemployment compensation exclusion. That was only available in tax year 2020.
Understood - I guess I addressed this incorrectly.
The Unemployment was a delayed PUA Benefit from 2021. It took the state almost a year to make the decision to pay out the monies. How would this be recorded? Is is still considered normal Unemployment?
If you received a tax year 2021 form 1099-G for the PUA then that should be reported on your 2021 tax return. Or if the 1099-G received is a 2022 form then that is reported on the 2022 return as Unemployment income.
The PUA is taxable income on a 2021 or 2022 tax return.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
vanderluitent
New Member
devinschuck1
New Member
tonybeo
Level 3
eli-dansky
New Member
kat6076516
New Member