Dear community,
I have received my W2 for 2025. I have received relocation assistance for my move, which is included in my total taxable income (box 1,3,5,16). In addition, the actual relocation amount is entered for informational purposes according to my employer in box12b with code P ("Excludable reimbursed moving expenses paid directly to members of the Armed Forces“). I'm not a member of the armed forces, my relocation was work related.
When I read-in my W2 into TurboTax, the amount given in box 12 b is added another time to my taxable income, which already includes this amount, resulting in higher taxes.
As written above, my employer says that the box 12b entry is for informational purposes only and that I will need to exclude it from my Turbo Tax filing to prevent any confusion; and that this does not increase or decrease my tax liability, but the coding could cause confusion in some tax software or if reviewed later.
I'm not sure how to handle this within TurboTax. To me it sounds like just leaving the entry for 12b in TurboTax empty, but on the other hand it is in my W2.
Could anyone please advise?
Thank you.
Kind wishes
