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Retirement tax questions
Instead of entering the W2C as separate, just enter the information on the original W2 and just add the additional information recorded in Box 11. After you you complete this task, there will be some follow-up screens that follow. One screen will ask if you took a distribution out of your non-qualified plan, you will say yes.
Now the big question is, did your employer already account for the withdrawal in Box 1 of the original W2 and included that in the wages? Check to see if this was the case and they just simply forgot to record this in Box11, thus the need for a w2C.
If this isn't the case, then this amount needs to be reported additionally in Box 1 thus a need for another W2C.
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‎February 18, 2022
4:31 PM