Hawk26
Level 3
03-16-2021
02:21 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Unemployment compensation is usually entered on form 1099-G of your software. But beware, the IRS issued a recent bulletin indicating unemployment compensation in 2020 may be excluded from income. Be sure to read the IRS bulletin as there is income restrictions on the taxability of the unemployment compensation.