ljsmith2
Level 4

Last night, I was trying to figure an easy way to do this also.

The best that I could come up with was to create a Homebase view that has a column for those returns that have Schedule 1.

I made myself a list of clients with Schedule 1, then looked into each return to find the returns with unemployment.

It allowed me to alert these taxpayers that I was on top of this new development (now retroactive to 2020), that the details of how it will be handled are unknown, but I would keep them updated as soon as I find out. Most were appreciative of the update. I did not go into details, nor re-figure each return. Just a notice that there will be some changes down the road. Most likely after tax season whether the IRS corrects themselves, or an amend is necessary.

Hope this helps.

0 Cheers