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Level 2
March 17, 2021
Question

When is the new form gonna be on the 1040 for Unemployment in order to take the exclusion?

  • March 17, 2021
  • 5 replies
  • 15 views

I want to know when I can expect the new form or amendment for the Unemployment in order to take the exclusion on this years 2020 taxes  Does anyone know?

This topic has been closed for replies.

5 replies

Just-Lisa-Now-
Intuit Community Champion
March 17, 2021

Maybe in tomorrows update.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
abctax55
Level 15
March 17, 2021

 Those of us that read the big banner critical alert posted at the top of the software know that it is supposed to be in tomorrow afternoon's update.

HumanKind... Be Both
Level 4
March 17, 2021

I was just trying to find guidance on what clients should do who have received unemployment benefits and have already filed.  Will they need to amend or will the IRS just send a refund?

Just-Lisa-Now-
Intuit Community Champion
March 17, 2021
IRS hasnt given any guidance for this yet, except to say DONT amend yet.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 4
March 17, 2021

Got it!  Thank you