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15latham
New Member

Do you have issues with box 12 throwing an error? Saying they are figuring out how to report this and to come back?

For the letter S
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4 Replies

Do you have issues with box 12 throwing an error? Saying they are figuring out how to report this and to come back?

Box 12 with a code S - Employee salary reduction contributions under a section 408(p) SIMPLE plan

On a W-2 does not cause any errors during Federal Review or Review on the 2023 TurboTax tax return.

Do you have issues with box 12 throwing an error? Saying they are figuring out how to report this and to come back?

But yeah, there apparently was a change the IRS issued a notice about on 8 January....and it may take TTX a few weeks to integrate those changes, depending on how major the changes were.

 

Don't know exactly what thsoe changes were though. Far too technical for mere mortals.

 

Internal Revenue Bulletin: 2024-02 | Internal Revenue Service (irs.gov)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
dmertz
Level 15

Do you have issues with box 12 throwing an error? Saying they are figuring out how to report this and to come back?

I don't see how any of the SECURE 2.0 Act changes affect how code S is to be treated on the employees tax return.  Perhaps the TurboTax developers are just being cautious.

Ep0823
Returning Member

Do you have issues with box 12 throwing an error? Saying they are figuring out how to report this and to come back?

I’m having the same issue. Hopefully this gets fixed soon

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