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callecito76
June 22, 2021
Question

Does Turbo Tax automatically calculate the exclusion of of $10,200 from Unemployment income for 2020 or do I enter the information somewhere?

  • June 22, 2021
  • 1 reply
  • 0 views
The IRS won't accept my EFile because of AGI of spouse who received Unemployment. Could this be the problem?

1 reply

DoninGA
DoninGA
Employee
June 22, 2021

If you filed a 2019 federal tax return as Married Filing Jointly then the 2019 AGI is the same for the both of you.

The 2019 AGI is on your 2019 federal tax return, Form 1040 Line 8b

 

The unemployment compensation exclusion was updated across all TurboTax platforms, online and desktop, on 03/26/2021.

 

The exclusion is reported on Schedule 1 Line 8 as a negative number.  The unemployment compensation received is on Line 7 of Schedule 1.  The result flows to Form 1040 Line 8.

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