The IRC 414(h) and IRC 125 amounts should be shown in box 14 on your W-2. When you enter them in TurboTax, it should automatically recognize the abbreviations and handle them correctly on the state return.
On the W-2 entry screen:
- If you are using the online version of TurboTax, in the Box14 section, to the right of the amounts, there is a third column called Tax Category.
- Select the correct description from the pull-down list. For IRC 414(h) it should say NY IRC 414(h) Subject to NY tax. For IRC 125 it should say NY IRC 125/SEC 18 Subject to NY tax.
- If you are using the CD/Download version, enter the description and amount in Box 14. You will then come to a screen, Let's Review Your Box 14 entry. Click the Yes box.
As you go through your NY return, you will come to a screen, Your New York Income Adjustments. This will show the 414(h) and Section 125 amounts that are being added to your income on the NY return. The Section 125 amount will be labeled "Other Additions."
