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JHPCPA
JHPCPA
Level 2
March 16, 2021
Question

Unemployment Compensation exclusion

  • March 16, 2021
  • 1 reply
  • 9 views

The IRS just released an article informing Tax Payers of an unemployment income exclusion up to $10,200 applicable to unemployment received during 2020.  The article refers to an Unemployment Compensation exclusion worksheet - Schedule 1, line 8 , When this Worksheet will be included in ProSeries Basic?  Are there any work around to report the exclusion using the current version of ProSeries Basic?  Any information that can be shared at this time will be appreciated 

Thank you  



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1 reply

BobKamman
BobKamman
Level 15
March 16, 2021

That was Friday, it's already Tuesday.  Intuit posted a message yesterday telling customers they are working on it.  Here it is:

You can follow Intiuit’s messages on this here:

https://proconnect.intuit.com/community/proseries-tax-news-updates/discussion/american-rescue-plan-updated-03-16-21/00/139713 

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