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Level 1
March 21, 2021
Question

Should the non-taxable unemployment compensation be excluded from income on line 3 of the Taxable Social Security Benefits worksheet?

  • March 21, 2021
  • 2 replies
  • 14 views
The 2020 IRS instructions say to use the Schedule 1 line 9 in the calculation - but Proconnect appears to be using Schedule 1 line 9 PLUS the excludible unemployment compensation
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2 replies

George4Tacks
Level 15
March 21, 2021

Schedule 1 line 7 should be UI (a positive), Line 8 should be UCE (a negative). Look more closely at the IRS instructions. https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation

 

Answers are easy. Questions are hard!
Level 15
March 21, 2021

The program is correct.

You are looking at the Instructions that were made BEFORE the new law came out.  The IRS has not yet released a new version.