Ernie
Level 9

The rules to determine if the clients are able to exclude some/all unemployment from being taxable have changed.  On the Unemployment Compensation Exclusion Worksheet they changed rule number 10 to read "Enter the amount from Schedule 1, lines 1 through 6. Don't include any amount of unemployment compensation from Schedule 1, line 7 on this line".  

This means that unemployment does not count to get you 150,000 or 75,000, etc.  Pro Series is not currently updated for this.

Dusty Ernie

Ernie
Level 9

@Orlando  just an FYI.

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Just-Lisa-Now-
Level 15
Level 15

IRS just released the new worksheet yesterday.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Accountant-Man
Level 13

Then the software should have been updated yesterday!

** I'm still a champion... of the world! Even without The Lounge.
Ernie
Level 9

Lisa:

I understand that they just updated the rules but INTUIT / PROSERIES does not communicate at all with us so I figured that I would let people know.

Dusty Ernie

IRonMaN
Level 15

Ernie - it's the thought that counts, but you have to remember - other than the regulars here and maybe 3 others, nobody ever looks before they ask.


Slava Ukraini!
BobKamman
Level 15

IRS does very little to communicate with us, also.  I pay enough for software, I don't want to pay extra for Intuit Breaking News.  

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