So, questions. I work for a company that has many "legal entities" it owns. I worked for Merrill for 6 months, then transitioned roles to Bank of America July 1. So 6 months in each role. This is one company, but the change means i get 2 W2s.
My Merrill W2, excludes the $5000 in child care reimbursement from taxes, and everything over, got added to box 1 on my W2 (and was taxed appropriately through payroll).
My BOA W2, (even though it is a separate EIN) understands that the $5000 was already excluded from taxes, so all of my child care reimbursement (was taxed appropriately through payroll) is added to box 1 on my W2.
Turbo tax, thinks that since it is a new company, that the BOA is also holding back $5000 from box 1 on my W2, so they are adding it back into my wages.
Basically i am getting taxed twice on that $5000. How do i account for this on my turbo tax return.
Thank you in advance!
