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Level 1
posted Apr 6, 2023 11:36:58 AM

How to remove -450 from Ira entry? Mistake was entering 401(k) as Ira, then removing it, but now stuck with this neg entry?

On previous ira page I checked none of these.
I realize now that I don't enter 401 info anywhere. I do not see where -465 comes from. Also, w2 bx13 chkd, meaning 401, but what are the amounts in 12a, code d, and 12b, code dd?
Ty

0 1 233
1 Replies
Expert Alumni
Apr 8, 2023 8:04:56 AM

Can you please clarify, where you see the -450?

 

 

Code D in box 12 of the W-2: Elective deferrals to a section 401(k) cash or deferred arrangement. Also includes deferrals under a SIMPLE retirement account that is part of a section 401(k) arrangement.

 

Code DD in box 12 of the W-2: Cost of employer-sponsored health coverage. The amount reported with code DD is not taxable.

 

 

It might be helpful to have a TurboTax ".tax2022" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Online: 

 

  1. From the left menu select Tax Tools. 
  2. Then select Tools below Tax Tools. 
  3. A window will pop up which says Tools Center.  
  4. On this screen, select Share my file with Agent. 
  5. You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number. 
  6. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

 

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.