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Get your taxes done using TurboTax
Sorry, I had forgotten about this posting since payroll at my company actually never got back to me, and I actually ended up figuring out regardless.
Tom had it right on his first assumption and my W-2 was actually correct. My confusion arose from comparing my total proceeds from sales to cover reported in my brokerage/1099B and what was reported in box 2 of my W-2, which is ONLY federal tax withholding. I was hung up on why my total proceeds were barely more than my federal withholding in box2, and the difference did not equal my paycheck withholding total. I realized after digging through more statements that the proceeds were actually correctly distributed across all taxes (state, SSI, etc.), so the total amount was accounted for.
Tom had it right on his first assumption and my W-2 was actually correct. My confusion arose from comparing my total proceeds from sales to cover reported in my brokerage/1099B and what was reported in box 2 of my W-2, which is ONLY federal tax withholding. I was hung up on why my total proceeds were barely more than my federal withholding in box2, and the difference did not equal my paycheck withholding total. I realized after digging through more statements that the proceeds were actually correctly distributed across all taxes (state, SSI, etc.), so the total amount was accounted for.
‎June 1, 2019
10:15 AM
12,637 Views