Skip to main content
Level 2
March 13, 2021
Question

American Rescue Plan Act makes first $10,200 of 2020 unemployment non-taxable. How to handle since ProConnect doesn't appear updated to incorporate new rule yet?

  • March 13, 2021
  • 1 reply
  • 0 views
I hate to just subtract $10,200 from amount reported on 1099-R.   Has anyone heard if there is an update coming soon, or know best way to handle?
This topic has been closed for replies.

1 reply

abctax55
Level 15
March 13, 2021

1099-R ????

And have you looked a the dozens of threads discussing this situation?

HumanKind... Be Both
OKC-CPAAuthor
Level 2
March 13, 2021

Meant 1099-G

First page of results from my well-worded search of the community had nothing to do with my question.  Probably the reason why there are dozens of strings on the subject.