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I received a W2 for deferred income. How to identify it as deferred income as turbotax is calculating medicare tax

Medicare tax was paid the year the deferred income was earned. I should not be paying it again
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1 Reply
JohnB5677
Expert Alumni

I received a W2 for deferred income. How to identify it as deferred income as turbotax is calculating medicare tax

Please clarify:

 

Did you receive a W-2. or a 1099-NEC.  The 1099-NEC would provide for the previous taxes being withheld.

 

If you did get a W-2, you should contact the issuing company.

 

Where do I enter "Deferred income payment"?

  1. Click Income & Expenses at the top of the page.
  2. Scroll down to "Less Common Income"
  3. Show More.
  4. Scroll down to "Miscellaneous Income"
  5. Start/Revisit.
  6. Scroll down to "Other Reportable Income"
  7. Here is where you can enter the description and amount.

 

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