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The student loan interest deduction worksheet is not reporting the correct total income on Line 9 of the 1040?

mattgutz
Level 3
It is increasing the amount by the untaxable portion of Unemployment Compensation.  I am reading that this should not be the case.  What am I missing? Please Help!!
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3 Comments 3
TylorValdez1
Employee
Employee

See the following article.

https://proconnect.intuit.com/community/form-1099-g/help/generating-the-unemployment-compensation-ex...

 

The following deductions and exclusions are still calculated using the full unemployment compensation your client received:

  • Taxable social security benefits
  • IRA deduction
  • Student loan interest deduction
  • Tuition and fees deduction (Form 8917)
  • Deduction of up to $25,000 for active participation in a passive rental real estate activity (Form 8582)
  • Exclusion of interest from certain bonds (Form 8815)
  • Exclusion of employer-provided adoption benefits (Form 8839)
BobKamman
Level 15

Where are you reading?

mattgutz
Level 3

Thank you TylorValdez1!

 

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