TurboTax says I need a corrected W2 (W2-C) from my employer because my SS payments are deferred. I think this incorrect for this reason. My company was acquired by another a couple of years ago. In 2021, they changed the name on my W2 to the new company name therefore they sent me two W2 forms one with the old name an one with the new name. The first W2 has both box 3 (social security wages) and box 4 (social security tax withheld) filled in with valid values. The second W2 has these boxes blank. The reason the second has these blank is because my gross income on the first W2 exceeds the Social Security tax maximum of $142,800.
My employer knows that I have hit the SS limit during the first W2 so they correctly did not withhold on the second. It looks like TurboTax is not smart enough to handle this case. I think this is a bug in the software.
Does this sound right?
