Retirement tax questions

In Box 14 add an extra line for "RailRoad Retirement Compensation" and then enter the following:

  • The amount in Box 1 (Gross Wages)
  • PLUS any amount in Box 12 - Code D - 401k Contributions
    • (401k contributions are not taxable for federal purposes, and therefore are excluded from the Box 1 amount.  You need to add it back for TurboTax to properly calculate the Tier1)