I have a military W2 with ONLY Box 2 and Box 17 filled out with numbers. My client said it was related to the reserves Student Loan Repayment, which the military paid directly to the student loan servicer. She was not in a combat zone.
I entered in Box 1 a $0 for Turbo Tax to not error out. Will the IRS take a $0 in box 1 for e-filing purposes?
Publication 3 has this under Gross Income section:
• Student loan repayment from programs, such as the Department of Defense Educational Loan Repayment Program, to the extent that qualified higher education expenses exceed $5,250 annually
The payment did not exceed the $5,250 annually, would that indicate this is non-taxable event and any withholdings in box 2 and 17 refundable?
Since this W2 has no other numbers, is it even correct?
Right now the whole amount is being refunded.
Thanks
