pamdory
Level 8
03-23-2021
12:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The instructions for the AGI worksheet now excludes unemployment from AGI in determining the $150,000 limitation.
https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation
Note under Unemployment Compensation Exclusion Worksheet – Schedule 1, Line 8 that the instructions differ from the worksheet in Lacerte.
Back on hold...
UPDATE - IT LOOKS LIKE THE 03/24 UPDATE IS USING THE NEW WORKSHEET IRS MODIFIED ON 03/23.
Back to work!