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W-2 boxes don't correspond to Turbotax questions
The reporting boxes for Turbotax don't correspond to the numbered boxes on my W-2. Also it requests a control number from "box d" but my W-2 doesn't have such a number.
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June 6, 2019
12:46 AM
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Retirement tax questions
The control number is not needed , but how are the other boxes not conforming?
June 6, 2019
12:46 AM
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Retirement tax questions
It starts right with box 2. TurboTax requests federal taxes withheld. W-2 (actually box 2a) reports taxable amount of wages reported in box 1. Box 3 in TurboTax requests Social Security Wages. W-2 indicates Capital Gains included in box 2a. W-2 box 4 contains federal taxes withheld. All subsequent boxes continue to not correspond.
June 6, 2019
12:46 AM
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Retirement tax questions
I think you may be looking at a 1099 instead of a W2?
June 6, 2019
12:46 AM
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Retirement tax questions
It starts right at box 2. Turbotax asks for federal tax withheld. W-2 (actually box 2a) reports taxable amount of wages from box 1. Turbotax box 3 asks for social security wages. W-2 reports Capital Gains included in box 2a. All subsequent boxes also don't correspond and TurboTax doesn't even ask for some information provided on the W-2 (e.g. W-2 box 5: Employee contributions/Designated Roth contributions or insurance premiums.
June 6, 2019
12:46 AM
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Retirement tax questions
Saw your last answer. You are correct. The form is actually not a W-2 but a 1099-R because I am retired.
June 6, 2019
12:46 AM
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Retirement tax questions
Glad that cleared it up! Thank you for using TurboTax.
June 6, 2019
12:46 AM
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Retirement tax questions
After you retire, your income will reported on a 1099-R.
You can enter this form by typing 1099r into the search box
Then click the "Jump to 1099r" link
Or
Click Federal, Wages & Income
Scroll down to Retirement Plans and Social Security
If this is your first year receiving a 1099-R, take care in reporting it properly. Different types of plans are taxed differently.
Next year, the program will remember what you reported this year and it will be easier to enter.
June 6, 2019
12:46 AM