Grlndnthn
New Member

Retirement tax questions

Thank you for your reply. The account is a public employee pension based account, not a 401k or IRA account. I paid with a check through the system's third party payment which made an automatic withdrawal from my checking account to buy-back the additional service not accounted for when I began with the employer. As such, the purchase was made with out-of-pocket funding. I checked the IRS site and it shows that such a cost is Federally deductible. However, it does not reflect in the W-2. In addition, the W-2 as issued is not accepted in Turbo Tax despite the information as entered being exact to what is reflected in the document. Therefore, I can't complete either entry which I should be able to.