I have a situation on my 2018 W2. Have D17 and also D. Should I ignore D17 on my 2018 tax form. These are in Box 12b - 401K

Forum|Forum|7 years ago
June 6, 2019
16 replies
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Spino

Alumni - Champ

Good catch, Bill

BillM223

Level 15

Is the "D17" actually "DD"? This is a legitimate code in box 12 on your W-2 (D17 is not).

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gkmkAuthor

Level 2

I have checked my W2 again. Here is the clear picture... 12a - DD $xxx, 12b - D 17 $xxx, 12c - D $xxx

Spino

Alumni - Champ

Then that's what you should report. Still, I can imagine DD looking like D 17. TT says, "The "17" in code D17 refers to a contribution made for 2017 and is a redundant indication since code D by itself on a 2017 W-2 already means a contribution for 2017. Ignore the "17" and select code D from TurboTax's drop-down box. [This doesn't quite explain your situation because it refers to a 2017 W2, but it gives a pretty good hint.]" It appears this would be related to last year, so your D17 is from one tax year (not this one) and the D is for this tax year (no need for an 18). So, you should type the D17 in, but select "D" from the drop-down box, which you also will select for 12c.

gkmkAuthor

Level 2

Thanks for your feedback

gkmkAuthor

Level 2

First part is correct. D corresponds 2018 and D17 corresponds to 2017 (messed up by employer).

Now, on the second part How/Where can I can type the D17. There is no option or place for that. I only see the letter code D to be selected from the dropdown and the corresponding column only takes the Dollar Amt.

So, how can I indicate the "17" in the tax form, where "17" is reflected in the W2 ? Without the "17" the software is indicating that I have made excess contribution, which is how IRS would also then interpret ?

BillM223

Level 15

You mean that your employer admits that the D is for contributions to your 401(k) plan in 2018 and that D17 is for the 401(k) plan in 2017? Did your employer remove both years' contributions from Wages in box 1 (probably not)? TurboTax doesn't have an option for D17 because employers are not supposed to mix years on their tax documents. If your employer removed the 2017 contribution from Wages on your 2017 W-2 but forgot to enter the D amount in box 12, then they should have corrected the 2017 W-2 and you may have needed to amend your 2017 return.

Ask your employer if they really intended the D17 for the 2017 401(k) plan contribution, and if they removed it from Wages on your 2018 W-2...

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gkmkAuthor

Level 2

I am checking further, based on the questions raised. I will update soon with some clarification that I get from my employer, along with looking at 2017 W2, paystub etc. Thanks !

gkmkAuthor

Level 2

The answer to the question "Did your employer remove both years' contributions from Wages in box 1 (probably not)? "

YES. They have removed both years' contribution from Wages in Box 1.

gkmkAuthor

Level 2

Here is what I have found... The D17 amount is for 2017 401K, but the amount was actually deducted in 2018. Basically, taken out of 2018 Income, for 2017 401K contribution.

So, the 2017 401K contribution was less by this amount reflected under D17. Since, it was the employers mistake, they took that amount from the 2018 pay to be accounted for the 2017 401K contribution. They have then reflected this in the W2 as D17.