If there is no other information on this W-2 besides the amount and code in Box 12, you don't have to report it at all. You can delete the W-2 from TurboTax and keep the information with your records.
The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee’s Form W-2, Wage and Tax Statement, in Box 12, using Code DD.
Many employers are eligible for transition relief for tax year 2012 and beyond, until the IRS issues final guidance for this reporting requirement.
Individuals (employees) do not have to report the cost of coverage under an employer-sponsored group health plan that may be shown on their Form W-2, Wage and Tax Statement, in Box 12, using Code DD.
The amount reported does not affect tax liability, as the value of the employer contribution continues to be excludible from an employee’s income and is not taxable. This reporting is for informational purposes only, to show employees the value of their health care benefits.
See this IRS webpage for more information.
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