I'm claiming regular FICA wages (W-2 box 3) of $2600.
I've already filed...What do you suppose will happen if I leave it as is? If I don't correct the W-2, what are the consequences? Will the health insurance deduction on line 29 get kicked out?
Turbotax accepts the 1040 line 29 deduction because it meets the requirement by not exceeding the W-2 box 3 income.
Worst case, I suppose, is that I'll get an additional tax bill for a disallowed deduction. I'd prefer to avoid the hassle and expense of amended 1040, W-2, 940, 941, and K-1. Thoughts?
