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W-2 Received... Box 11 with 5 digits value, box 1 blank. Checking with employer... what to do?

Peckety — Fri, 10 Apr 2026 03:08:03 GMT

EDIT I THINK I'VE RESOLVED

The actual payment came out of Fidelity, who also issued me a W-2. So, if I enter the employer W-2 with a value of $1 and the Fidelity W-2 with the correct entries, I get the correct net in my 1040.

Line 1A is lower by $18k and line 8 is higher by $18k, but they net to the correct amount. I can easily document any challenge from the IRS and now have all W-2's paper'ed in.

I left an employer in Dec 2024.

3 months after I left, they cashed out a non-qualified plan and sent me the distributions. I did not have any actual worked 'wages' in 2025.

I have a W2 which has about $18k in box 11, and a completely blank box 1.

When I enter that as is into Turbo Tax and check my 1040, it enters -$18k on line 1a and +18k on line 8, with a total net income of $0.

This doesn't seem right to me, as presumably the non-qualified pension benefit should be taxed.

If I enter the full amount in the W-2 for box 1, it seems to look correct.

I'm going to proceed with copying the full amount from Box 11 into Box 1 for now, even though it is not on the W-2, because it seems like that generates the correct 1040..... is there any scenario in which Box 11 would not be fully taxable though?

Re: Basis for sale of inherited mutual funds after a couple years and mutual fund reinvesting

Hi Palms — Thu, 09 Apr 2026 15:30:55 GMT

I'd say you could do what you proposed as the end result is going to be accurate in terms of gains/losses, which is all they really care about. In other words, provided the totals are correct, you should be OK.

Re: Basis for sale of inherited mutual funds after a couple years and mutual fund reinvesting

Matilda — Thu, 09 Apr 2026 01:15:30 GMT

I'm still working on this. I really want to make this easier so - will the following work???

I have a spreadsheet so I have all the information. Luckily its only a couple of years. - but it is also four mutual funds. If only I knew to shut off the dividend reinvestment. My question now is can I just separate into three different categories? Lots of entries for only two years with four funds.

first - The inherited mutual fund info with the date of death basis.

second - For reinvested dividends over a year - combine each mutual fund's reinvested dividend shares and average out the basis for this long term category.

Third - For reinvested dividends less than a year - combine each mutual fund's reinvested dividend shares and average out the basis for this short term category.

I hope I explained this ok. Thank you for your help. If I have to do all the entries for every purchase separately I will do it - I'd just rather not. In December they have three separate purchases per fund on the same day.

Thank You.

Re: issue on Form 1040-X

AmyC — Wed, 08 Apr 2026 23:12:29 GMT

Column A is what you reported originally - but you say yours is not accurate. Perhaps you made some changes before starting the amended return. You may need to delete the amended return and any changes. You need column A to match your original return.

Column B is the change. I wonder if you entered the loss more than once. This needs to be the correct amount of change. Your Sch D and 8949 are part of your amended return and those forms need to be accurate.

You can try revert to original or delete amend and all the changes made. Once your return exactly matches what you filed, select to amend.

issue on Form 1040-X

wyip2026 — Wed, 08 Apr 2026 19:16:26 GMT

I amended my return by adding a loss from stock account. On TurboTax's 1040-X form, 1C is correct, 1A+1B=1C is also correct, but neither 1A nor 1B is correct. 1A supposed to be original amount reported, 1B should be the loss amount I amended. The other forms are normal, only this 1040-X is having issue. I have no clue where those numbers come from on the form.

Investment Institution Duplication

Redfish — Wed, 08 Apr 2026 17:40:25 GMT

Why does Desktop 2025 duplicate the investment institution that was brought from last year's taxes when I download the information from that institution? If I download the 1099 from Broker A, a new line item appears for Broker A that invites me to download information as if it is a different account at the same institution.

Prior Years of Excess contribution Roth IRA - Please help

niko38 — Tue, 07 Apr 2026 02:17:53 GMT

While filing for 2025 taxes, I realized there is an excess contribution in Roth IRA for years 2025, 24, 23, 22, and 21. Somehow it was never flagged before until this year. Because there is not enough income, there were excess contribution (for all these years).

Steps we have taken so far:
1. Filed for extension for 2025 tax returns

2. Initiated the withdrawal of excess contribution as:

2a. For years 2021-2024, we are withdrawing Excess only

2b. For year 2025, we are withdrawing Excess + Earnings

I'm seeking clarification on next steps:

1. [Amendement] Do we need to amend each previous year (2021, 2022, 2023, 2024) tax return? There has no been no other changes in the returns.
2. [Form 5329] Or can we just submit standalone Form 5329 for each year 2021, 2022, 2023, 2024? Do we need to fill out Form 5329 for 2025? If so, do I file the Form 5329 form with the 2025 tax returns? Do I need to report the earning on my excess contribution for 2025 in 2025 tax returns or report it for 2026 tax returns?

3. [Penalty waiver] How do I apply to waive or reduce the penalty? Any experience?

4. [Tax professional] Should I hire a CPA to take care of this? Any idea of how much it would cost?

Could anyone please help me. Thank you in advance!!

Re: Duplicate entries in Schedule B

DianeW777 — Sat, 04 Apr 2026 20:51:36 GMT

It depends. If your tax returns have been filed and accepted then you will need to amend them to remove the duplicate entires. Do not change your tax return until you read all the instructions. TurboTax needs to know the original numbers and the corrected numbers to provide the correct end results before you prepare it.

If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.

You must first wait until the initial return is completely processed.
You will have to use the same TurboTax account that you used for the original tax return.
Once you begin your amendment, you'll see your original return.
The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
Only make changes to the areas of your return that need to be corrected.
You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment

Amend a tax return for the current tax year - you can amend now as long as the original returns have been accepted.

Re: Multiple state returns

CatinaT1 — Fri, 03 Apr 2026 16:38:45 GMT

Yes, you want to start with your non-resident state first. Nebraska will tax all of your income regardless of where it is earned but give you credit for taxes paid to another state.

Re: TT deleted my return!

CatinaT1 — Fri, 03 Apr 2026 14:45:11 GMT

You will need to contact  Turbo Tax Customer Service.

Multiple state returns

gabollin — Fri, 03 Apr 2026 14:28:07 GMT

I am a Nebraska resident so this is my primary state return. I also receive farm rental income via a trust from Iowa. Thus, I also file an Iowa return. I am told that I should complete the Iowa return first so that adjustment to my Nebraska return are adjusted correctly? Is that correct? Thanks so much.

Re: TT deleted my return!

sierra_lady — Thu, 02 Apr 2026 20:14:11 GMT

Thanks for the suggestions...but I have only ONE User ID, and ONE account. And I didn't lose access to my Intuit account...the account itself is fine, and I can login fine. It's my tax return that's disappeared.

Re: TT deleted my return!

SharonD007 — Thu, 02 Apr 2026 20:10:22 GMT

Perhaps did you use a different account or user ID?

To get a list of your user IDs, use the tool at the link below. When using the Account Recovery tool, try using your phone number first then with your email address to check for multiple accounts.

Refer to the TurboTax article How to recover access to your Intuit Account

TT deleted my return!

sierra_lady — Thu, 02 Apr 2026 19:48:48 GMT

I started my 2025 return in March with TT Home & Business, then had to handle some other issues. When I came back to TurboTax, it did an update...after which, the return that I'd been working on DISAPPEARED.

Yes, I saved it...yes, I looked in the Recycle bin...yes, I even spent an hour with the MS File Recovery app. Crickets. It's gone. I have to start all over again...and I'm mightily ticked off. I searched the Community, and it looks like this has been happening for years after updates. I've been threatening to leave TT for a long time, but this is the final straw. After this year, I'm leaving. And frankly, good riddance.

Duplicate entries in Schedule B

tgarrett03 — Sat, 04 Apr 2026 20:53:56 GMT

Duplicate entries in Schedule B part 1 int and 2 Div. Probably caused by downloading from Financial institution twice. TT did not pick up the previous download/entries for Schedule B. I checked institution documents and they have a single entry in 1099 INT and DIV. I have submitted and paid my Fed and state and tax due.

I'd appreciate any assistance to resolve the situation.

Regards,

[PII Removed]

Re: How to add Form CSF 1099-R_LS for the beneficiary of a decedent who was retired from federal ...

MarilynG1 — Wed, 01 Apr 2026 20:03:32 GMT

As long as there is an amount in Box 2a of your CSF 1099-R, that is generally the taxable amount. Eligibility for 10-year averaging usually requires Code A (in addition to Code 4) in Box 7 of the 1099-R. If your form only has Code 4, the software may default to treating it as regular income.

In this case, you can enter your CSF-1099-R as a regular 1099-R, so you can check Box 2b for 'total distribution'. If you received any prior distributions from this account as a beneficiary before this final distribution, that may disqualify you from using the 10-year averaging method.

Here's more discussion on Form 4972, Special 10-Year Averaging.

@r5836915

Re: How to add Form CSF 1099-R_LS for the beneficiary of a decedent who was retired from federal ...

r5836915 — Wed, 01 Apr 2026 15:33:57 GMT

@LindaS5247 I assume yes to both?

Here's what I know: Per the following information, it would be the lump sum of the annuity owed to the deceased ( Lump Sum Benefit ). I don't know how to answer about the account balance because there is no information on that. This was a one time payment (not recurring). The OPM website indicates retiree amounts from OPM are considered qualified retirement plans. The Form CSF 1099R_LS received is titled "Statement of Survivor Annuity Paid" with matching values in box 1 and 2a and a Distribution code 4 in box 7.

Re: How to add Form CSF 1099-R_LS for the beneficiary of a decedent who was retired from federal ...

LindaS5247 — Tue, 31 Mar 2026 16:50:25 GMT

Please clarify if this was a qualified lump sum payment of the decedents entire account balance within one tax year.

How to add Form CSF 1099-R_LS for the beneficiary of a decedent who was retired from federal civil service and was born before 1936?

r5836915 — Tue, 31 Mar 2026 02:34:15 GMT

It is a small one time death benefit (received by a non-spouse beneficiary) and box 7 includes a single code, code 4. Since the decedent was retired and born before 1936, I understand it may qualify for a special 10 year tax treatment using Form 4972? The TurboTax questionnaire does not ask questions about this and is only asking several questions about "my annuity start date", "number of payments", etc. What could I be doing wrong or what am I misunderstanding?

Re: Basis for sale of inherited mutual funds after a couple years and mutual fund reinvesting

Hi Palms — Mon, 30 Mar 2026 14:45:14 GMT

@Matilda wrote:
So I need to split the mutual fund into separate entries. One for the original inherited shares, then one for each of the times they reinvested and bought more shares for me. (every time the basis is different)

That is correct and it can get complicated or a lot of work and there is really no simple way to handle a situation such as your situation.

Brokerage firms will make the adjustment (if they know) upon death (i.e., marked to FMV on the date of death) and then the shares renivested (which are the result of fund distributions) are "covered shares" and the reported figures should be accurate on the 1099-B. If the firm did not make the adjustment for the date of death, then the total will most likely not be accuate.