Why can I put in my 1099G form?

Forum|Forum|2 years ago
January 28, 2024
1 reply
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I received a 1099G form, unemployment compensation $365.00. Federal and State income tax withheld is $0. When I click on 1099G, it asks me Were you required to repay unemployment benefits (uncommon)? I say no because I never remember having to pay back any of this. Then I continue and it says, " Based on your tax situation, you need to upgrade to TurboTax Deluxe " Why would I need TurboTax Deluxe just to add the 1099G? If I pay for this, it will then let me to add my 1099G? I am required to add this form to my taxes right?

Best answer by JulieS

Yes, you do have to upgrade to report Unemployment Compensation on a 1099-G, and yes, you are required to report it with your tax return.

If you upgrade you will be able to complete your return, including the 1099-G.

Here's a list of situations that aren't included with the free return offer:

Itemized deductions claimed on Schedule A
Unemployment income reported on a 1099-G
Business or 1099-NEC income
Stock sales (including crypto investments)
Rental property income
Credits, deductions, and income reported on other forms or schedules

JulieSAnswer

Yes, you do have to upgrade to report Unemployment Compensation on a 1099-G, and yes, you are required to report it with your tax return.

If you upgrade you will be able to complete your return, including the 1099-G.

Here's a list of situations that aren't included with the free return offer:

Itemized deductions claimed on Schedule A
Unemployment income reported on a 1099-G
Business or 1099-NEC income
Stock sales (including crypto investments)
Rental property income
Credits, deductions, and income reported on other forms or schedules

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MobiusX11Author

How much will I have to pay for Turbotax in total? It says $39 Federal. Under that it says state additional and when I click that it says price per state $39.

DoninGA

Employee

@MobiusX11 wrote:

How much will I have to pay for Turbotax in total? It says $39 Federal. Under that it says state additional and when I click that it says price per state $39.

Then your TurboTax account fees would be $78 plus sales taxes if applicable.