ProSeries Basic is including all unemployment benefits when calculating the taxability of social security benefits. This seems contrary to the instructions on the social security benefits worksheet line 3, which asks for ‘Schedule 1, line 9’. Am I misreading this?
@rjh224 wrote:
This seems contrary to the instructions on the social security benefits worksheet line 3, which asks for ‘Schedule 1, line 9’. Am I misreading this?
You mean the worksheet that was created BEFORE the new law passed and has not yet been updated?
The new law specifically added "conforming amendments" to seven MAGI calculations (including Social Security) that says the $10,200 exclusion is not taken into account (in other words, they use the full amount of Unemployment).
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