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Get your taxes done using TurboTax
It’s not quite that simple because any change in box 1 will cause changes to all boxes 2-6. It will probably be impossible to figure it so that your box 1 taxable wages are exactly zero.
Firstly, how do you determine your fair market wages were $13,334? Second, I assume that $13,334 is the amount you contributed to the 401(k) and that can’t easily be changed?
January 11, 2021
7:10 PM