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Get your taxes done using TurboTax
Thanks again @ColeenD3 !
Just for context: My mom has been living with me for many years. But I submitted the live-in provider form only in May 2021 though I have been her formal provider since March 2020 as I had not bothered to submit such paper work earlier. So I got W2 with taxes in Box 1 from Jan-May 2021 and was told that I can nullify it while submitting taxes and that it can't be reverted in their W2.
I followed your steps. I see 2 methods below, but the taxes are $2000 less in method 1 than method 2 may be because of entering all the boxes (taxes withheld etc.). Please confirm if it is ok to follow method 1. Thank yoou.
1) Enter info from all boxes of W2 in Wages & Income and then nullify that by entering negative value of Box 1 under Miscellaneous income.
2) Make 2 entries in Miscellaneous income - one with positive and another with negative of only the amount from box 1 in W2.
Thanks Again!