I suspect that Turbotax is not correctly classifying the box 10 on my W2 as dependant care FSA money. After entering the W2 the following are asked:
- Did EMPLOYER provide on-site childcare? (We're asking becuase we need a little more info about he benefits reported in box 10 of your W2).
- Answer: No
- Did PERSON have a flexible spending account to pay for child or dependent care?
- Answer: Yes
- If you had any money left in your account at the end of the year enter the amount here.
- Answer: 0 (I used all the money to pay for daycare).
This is the line of questioning that should show that the $5000 is for an FSA but clearly that's not the case.
