I had a RR retirement tax withheld of $5,526.74 wich is 6.2% of my $89140.96 by my calculations. Turbo Tax says due a return from my employer and need a corrected w2. Why

posted

Connect with an expert

2 Replies

I had a RR retirement tax withheld of $5,526.74 wich is 6.2% of my $89140.96 by my calculations. Turbo Tax says due a return from my employer and need a corrected w2. Why

Sounds like you are entering your Railroad Retirement in the W-2 section of TurboTax.

Type 'w2' in the Search area, then click on 'Jump to w2'.

On the W-2 Summary page, Delete the W-2 entry.

Click this link for instructions on How to Enter Railroad Retirement Benefits.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I had a RR retirement tax withheld of $5,526.74 wich is 6.2% of my $89140.96 by my calculations. Turbo Tax says due a return from my employer and need a corrected w2. Why

Are you trying to enter a W2 or did you get a 1099R?

Still have questions?