Where do I include the unemployment income exclusion in turbotax?

[Urbansoulwarrior]

I am applying for a mortgage and my lender needs my 2020 tax return yesterday... I have been holding her off so that I can take this $10,200 exclusion. I just need to know when, like an actual date as to when I can complete my taxes with this exclusion. Pretty please.

[KrisD15]

TurboTax Online program for the Federal return is ready. 

Desktop and states are still being worked on. 

[Urbansoulwarrior]

I'm in TurboTax online right now, and I went through the entire return... and didn't see it anywhere. I was guided to the end without being offered an opportunity to take the exclusion.

Please direct me to the form, thank you!

Lalania

[KrisD15]

The program should tax you only on unemployment over 10,200. 

Please look at Schedule 1 line 7 and line 8. 

Your total unemployment should be listed on Schedule 1 line 7 and the subtraction, up to 10,200 will be on line 8. 

This flows to your 1040 line 8. 

If it isn't showing this way, delete and re-enter the 1099-G. 

TO VIEW THE YOUR 1040:

Click   Tax Home

Click   Review   if necessary to get Tax Tools on the left side-bar

Click   Tax Tools   on the left side-bar (you may need to use the scroll bar for the left side-bar to see this)

Click   Tools   on the drop-down list

Click    View Tax Summary   on the Tools Center screen

When you do this,   Preview my 1040   appears on the left side-bar            

Click   Preview my 1040   on the left side-bar

Scroll down to the 1040 line 8

Scroll down to Schedule 1 line 7&8

 

[fanfare]

ask your lender what they do when you request an extension of time to file till October 15.

Your lender should be able to evaluate based on your 2019 tax return.