- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Which line should be used for allowed regular IRA contribution when W-2 Line 1 [>$6,500] is larger than line 3 [<$6,500] due to health insurance paid for >2% shareholder?
Topics:
June 6, 2019
12:44 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
From IRS Pub 590-A, What is Compensation?:
The IRS treats as compensation any amount properly shown in box 1 (Wages, tips, other compensation) of Form W-2, Wage and Tax Statement, provided that amount is reduced by any amount properly shown in box 11 (Nonqualified plans).
June 6, 2019
12:44 PM