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unemployment compensation exclusion

JEromanix
Level 3

The IRS just posted the attached worksheet to exclude the 10,200 per taxpayer from 2020 Income,

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemploym...

Does any one know is Proseries has conformed to this simply procedure yet?

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3 Comments 3
IRonMaN
Level 15

That one is pretty easy to figure out.  Does it show up on your client's tax return as a subtraction?


Slava Ukraini!
Camp1040
Level 10

You should be able to go schedule 1 line 8 enter "UCE" and the amount of UCE as a negative number and it should work. I don't think you need permission to do that, you will have to do hard work yourself as far as determining if the TP meets all the qualifications.

 

BobKamman
Level 15

Scroll down and find about 50 other people asking the same question in the last few days.  You might find an answer you like. 

https://proconnect.intuit.com/community/