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Error on Sch 1, Line 8 Worksheet (Unemployment Compensation Exclusion)

krystal
Level 1

It seems that there is an error on the Sch 1, Line 8 Worksheet for the Unemployment Compensation Exclusion.  This Worksheet should look like the worksheet published by the IRS.

The IRS Worksheet step 2 says:  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.

However, the Lacerte Worksheet says:  Form 1040, lines 1 through 7 and Schedule 1, lines 1 through 7.

If you include line 7 from Schedule 1, you will include unemployment income.  In some cases, this is causing a qualifying individual to not get the $10,200 exclusion.

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pamdory
Level 7

Yes, this was corrected with this morning's update!

View solution in original post

4 Replies 4
George4Tacks
Level 15

There was an update today that I THINK fixed that problem. https://www.caltax.com/news/flash-email/2021-21-irs-has-fixed-incorrect-ui-exclusion-worksheet/ IRS just corrected their worksheet and Lacerte is

im-pedaling-as-fast-as-i-can.jpg


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pamdory
Level 7

Yes, this was corrected with this morning's update!

View solution in original post

JLTax49
Level 1

Where are you seeing this worksheet in the software?

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pamdory
Level 7

Go to Schedule 1, line 8 and you'll see a WKS link to the worksheet.  

Of course it has to be a return with unemployment on it...