I have a client that forgot to give me a W2 and a 1099 for 2020 and I have already e-filed. He also qualifies for the Unemployment Compensation Exclusion. My question is should I check the box for the American Rescue Plan to generate the Unemployment Compensation Exclusion on the amended return? The IRS was adamant to NOT file amended returns for the exclusion. Should I e-file or paper file 1040X? The W2 and 1099-Misc are minimal $171..........Or should I just let the IRS correct everything?
I had same situation and I amended it and took the exclusion also. I was not doing it JUST for the exclusion, but the extra W-2. Seemed logical to me...and I know the IRS is not always logical!
I had same situation and I amended it and took the exclusion also. I was not doing it JUST for the exclusion, but the extra W-2. Seemed logical to me...and I know the IRS is not always logical!
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