How do we enter the Unemployment Insurance Exclusion ($10,200)?

Forum|Forum|5 years ago
March 16, 2021
3 replies
19 views

Can we access the Unemployment Compensation worksheet? Can we get to 1040 Sch 2 line 8?

ProConnect Tax

This topic has been closed for replies.

Best answer by Hawk26

If you don't want to wait for the forms to be updated, the IRS bulletin indicates you can enter the exclusion amount as a negative on line #8. Just ensure you're compliant with the new regulations just issued,

BobKamman

Level 15

Here is the latest from Intuit

https://proconnect.intuit.com/community/form-1099-g/help/common-questions-on-the-unemployment-compensation-exclusion/00/142301

itonewbie

Level 15

Stay tuned. Since you can't override Sch 1, Line 8 in ProConnect Tax, you'd need to wait for the program to be updated:

https://proconnect.intuit.com/community/form-1099-g/help/common-questions-on-the-unemployment-compensation-exclusion/00/142301

---------------------------------------------------------------------------------Still an AllStar

D

dndnghAuthor

Level 3

I think it best to wait - as you suggested. Thanks

H

Hawk26Answer

Level 3

If you don't want to wait for the forms to be updated, the IRS bulletin indicates you can enter the exclusion amount as a negative on line #8. Just ensure you're compliant with the new regulations just issued,

D

dndnghAuthor

Level 3

Thank you for the prompt useful help.

itonewbie

Level 15

@dndngh @Hawk26 As I said, you can't override Sch 1, Line 8 in ProConnect Tax. Not sure how you can enter a negative number as @Hawk26 suggested.

---------------------------------------------------------------------------------Still an AllStar

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