bphelon
Level 1
03-21-2021
06:40 PM
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The 2020 IRS instructions say to use the Schedule 1 line 9 in the calculation - but Proconnect appears to be using Schedule 1 line 9 PLUS the excludible unemployment compensation
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George4Tacks
Level 15
03-21-2021
06:53 PM
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Schedule 1 line 7 should be UI (a positive), Line 8 should be UCE (a negative). Look more closely at the IRS instructions. https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemploym...
Answers are easy. Questions are hard!
TaxGuyBill
Level 15
03-21-2021
06:55 PM
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The program is correct.
You are looking at the Instructions that were made BEFORE the new law came out. The IRS has not yet released a new version.
