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(Solved): Susan received unemployment benefits amounting to $8,500 in 2024 and repaid $1,500 in the same year. ...



Susan received unemployment benefits amounting to $8,500 in 2024 and repaid $1,500 in the same year. How is the unemployment compensation reported? A)The total unemployment compensation received must be included in compensation. B)The amount repaid should be subtracted from the total amount of unemployment compensation received and the difference entered on Form 1040, Schedule 1. C)The amount repaid should be deducted on Form 1040, Schedule A. D)No reporting is required since unemployment compensation is not includible in income.



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