Entering Nontaxable unemployment portion

Forum|Forum|5 years ago
March 16, 2021
5 replies
28 views

Hello,

I have entered the negative amount on line 8 of Schedule 1 for the nontaxable amount of unemployment. I get an error message as I entered an override. What am I doing wrong?

ProSeries Professional

This topic has been closed for replies.

Best answer by Hawk26

Go to form "Other Income Statement - Schedule 1, Line 8"... scroll down to line 24, Other Taxable Income, and enter "UCE" (Unemployment Compensation Exclusion) in the description field. Next, enter the amount of the excludable portion of the UC as a negative amount (e.g. -$2,000).

Go to Schedule 1 to review your input and you should have an offsetting credit against the taxable UC.

BobKamman

Level 15

Here is the latest from Intuit

https://proconnect.intuit.com/community/form-1099-g/help/common-questions-on-the-unemployment-compensation-exclusion/00/142301

However, you should be able to make an entry on LIne 8 without an override. Same as any other item you would enter on that line.

A

athaureaux6

Level 7

Hi, you should be able to enter the exemption without causing an error. Make sure you enter it correctly, making sure if there are two taxpayer and only one got the unemployment, enter the exemption in the correct column. Also be aware of the income limitation and the maybe if the unemployment is less than 10200, do not enter 10,200 , enter the amount of the unemployment because it will create a deduction bigger. Remember this line is not only for unemployment. Just be careful. Thank you.

W

Winnie5911Author

Level 4

Thank you for your help.

H

Hawk26Answer

Level 3

Go to form "Other Income Statement - Schedule 1, Line 8"... scroll down to line 24, Other Taxable Income, and enter "UCE" (Unemployment Compensation Exclusion) in the description field. Next, enter the amount of the excludable portion of the UC as a negative amount (e.g. -$2,000).

Go to Schedule 1 to review your input and you should have an offsetting credit against the taxable UC.

W

Winnie5911Author

Level 4

Thank you so much. I'm new to the software. This worked perfect.

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