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Get your taxes done using TurboTax
The Explain My Taxes section is Box 1 plus $5K from Box 10 of your W-2, less the loss on Schedule E (2,655).
$5k of the $6600 in Box 10 is taxable on your tax return. That amount is not included in box 1, but TurboTax adds it back to taxable income until you enter the qualified expenses paid for with the amount in Box 10. To enter your dependent care benefits, see How do I get to the Child and Dependent Care Credit in TurboTax?
What is the Child and Dependent Care Credit?
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April 7, 2025
9:22 PM