JEromanix
Level 3
03-15-2021
11:02 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The IRS just posted the attached worksheet to exclude the 10,200 per taxpayer from 2020 Income,
Does any one know is Proseries has conformed to this simply procedure yet?
Labels
IRonMaN
Level 15
03-15-2021
11:05 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
That one is pretty easy to figure out. Does it show up on your client's tax return as a subtraction?
Slava Ukraini!
Camp1040
Level 11
03-15-2021
11:07 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You should be able to go schedule 1 line 8 enter "UCE" and the amount of UCE as a negative number and it should work. I don't think you need permission to do that, you will have to do hard work yourself as far as determining if the TP meets all the qualifications.
BobKamman
Level 15
03-15-2021
12:09 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Scroll down and find about 50 other people asking the same question in the last few days. You might find an answer you like.
