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Deductions & credits
@brian193 wrote:
yes, i understand that part. I can do that for the $5000 that Merrill listed as not taxable.
But even if i do $10,000 (to account for Merilll and BOA) it only allows a $5000 deduction.
My question is more around what i posted. BOA adding the $5000 to box 1 on my W2, but turbo tax thinks they didnt. The issue is Turbo tax thinks Merrill and BOA are two separate companies, but they are not.
If you have 2 W-2s, and both of them list $5000 in box 10, then you need to get one or both W-2s corrected. Even if you diddle Turbotax to make it look right, the IRS will come after you because the W-2s make it look like you received $10,000 in excluded day care benefits.
‎February 7, 2023
1:55 PM