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

Forum|Forum|5 years ago
April 2, 2021
3 replies
46 views

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!!

ProConnect Tax

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T

TylorValdez1

Level 6

See the following article.

https://proconnect.intuit.com/community/form-1099-g/help/generating-the-unemployment-compensation-exclusion-in-proconnect/00/144018

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)

M

mattgutzAuthor

Level 4

Thank you TylorValdez1!

BobKamman

Level 15

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