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Get your taxes done using TurboTax
@gk2742 wrote:
I am in the same boat as the original poster. Turbotax premier online is adding the unspent 2020 Dependent Care Flexible Amount to income even though the amount can be rolled over into 2021. How do we specify in premier online that unspent amount should be rolled over and NOT be taxed.
Go back to the W-2 interview and step through it carefully. When Turbotax sees you have entered a value for box 10, it should ask you if any amount was forfeit or rolled over (it may simply ask "was any amount left in the account?"). If you skip that question, or answer zero by mistake, Turbotax will believe that all the money was paid out, and amount that was paid out but not used for care is considered taxable. You need to go back and tell the program that there was money left in the account.