Why would I be getting a W-2c?

turbota888 — Mon, 22 Feb 2021 19:23:37 GMT

In the tax year 2020 I ended up leaving my company and joining another company with less pay. How does not having a W-2c impact me when I file my taxes before April?

In addition, I took out [removed] from my 401K due to covid and I am not 59 years old could this be the reason why I am getting a W-2c?

Re: Why would I be getting a W-2c?

RayW7 — Mon, 22 Feb 2021 18:08:25 GMT

Form W-2c: Corrected Wage and Tax Statement is a corrected version of your W-2.

If you received a W2c and already imported or entered your W-2 and you haven't yet filed, go back and edit your W-2 with the corrected info from your W-2c.

And if you already mailed your return, or it was accepted, you may need to amend.

The W2c probably is not related to the 1099-R and the 1099-R will be entered in a sperate location in TurboTax.

You'll get a 1099-R if you received $10 or more from a retirement plan. Here's how to enter your 1099-R in TurboTax:

Open (continue) return if you don't already have it open.
Inside TurboTax, search for 1099-R and select the Jump to link in the search results.
Answer Yes on the Did you get a 1099-R? screen.
- If you land on the Your 1099-R Entries screen instead, select Add Another 1099-R.
Select which option matches your form and Continue.
You can import your form directly from your financial institution by searching or selecting yours from one of the options on the screen. You'll be prompted to enter your financial institution account information, and TurboTax will directly import your forms.
- If you prefer to type it in yourself, select Change how I enter my form and continue through.

See the following link for more information on the Coronavirus Aid, Relief and Economic Security (CARES) Act, you might see some relief when you file your 2020 taxes (taxes filed in 2021).,

2020 Stimulus: Tax Relief for This Year's Taxes - TurboTax ...

topic Why would I be getting a W-2c? in Get your taxes done using TurboTax

Why would I be getting a W-2c?

Re: Why would I be getting a W-2c?