KathrynG3
Expert Alumni

Get your taxes done using TurboTax

The amount in Box 12 with Code C is for taxable cost of group-term life insurance over $50,000.

 

To decide if you should amend, use this interactive assistant from the IRS: Should I file an amended return? The impact on your return would be nominal to report an additional $200, but it could change your income depending on the rest of the return.

 

If you do decide to amend, see:

How do I amend my 2020 TurboTax Online return?

Do I need to amend my state if I amend my federal?

 

@bphillips830