Your unemployment compensation exclusion amount should not be excluded from your AGI when doing many of those calculations. Use caution when calculating certain credits and deductions that use your AGI in the calculation. Enter "UCE" on the dotted line to the left of your Schedule 1, Line 8, entry and show the amount of unemployment compensation exclusion in parentheses on the dotted line.The amount of the unemployment compensation exclusion is reported as a negative amount (in parentheses) on Schedule 1, Line 8.The full amount of your unemployment compensation (and your spouse's unemployment compensation if filing a joint return with your spouse) continues to be reported on Schedule 1, Line 7.Q1. How do I report the exclusion if I haven't filed my 2020 tax return? (added April 29, 2021)Ī1. If you haven't filed your 2020 tax return and are eligible for an exclusion, report the exclusion separately (on Schedule 1, Line 8) from the full amount of your unemployment compensation that you report on Schedule 1, Line 7. These updated FAQs were released to the public in Fact Sheet 2022-39 PDF, December 2, 2022.
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