Re: Premier. In 2023, my daughter worked approximately 1 month before resigning her long term position with 401k. She later contributed to an IRA. The glitch is: when she updated her W2 info with correct box 12 info, it added her 401k contribution to income (more than 1:1) increasing her taxes by over $1500. Summary: she was under a retirement system for one month and an income investor the rest. Her IRA contribution was accepted as a deduction, but her 401k box 12 items were skewed into more income. How?
