topic Your welcome! in State tax filing

How can I add 414H income to my NYS return?

steve_boss-1 — Thu, 06 Jun 2019 10:14:59 GMT

the button I need to add data to a form is missing

This amount needs to be included under the Form W-2, Box...

NicoleU — Thu, 06 Jun 2019 10:15:01 GMT

This amount needs to be included under the Form W-2, Box 14, and select NY IRS 414(h) Subject to NY tax.

In TurboTax, please do the following:

Federal Taxes
Wages & Income
Wages and Salaries, click Revisit
On the W-2 page, scroll down to Box 14.
Select NY IRS 414(h) Subject to NY tax

I had put "other - not on the list above " instead of NY...

steve_boss-1 — Thu, 06 Jun 2019 10:15:04 GMT

I had put "other - not on the list above " instead of NY IRS 414h for some reason. Thank you

Your welcome!

NicoleU — Thu, 06 Jun 2019 10:15:06 GMT

Your welcome!

Re: How can I add 414H income to my NYS return?

Deihmos — Thu, 03 Oct 2019 01:39:59 GMT

I received a bill from NYS due to the 414H. When I did the taxes in 2017 I selected 414hnot. I cannot recall an option stating this was taxable.

Re: How can I add 414H income to my NYS return?

Critter — Thu, 03 Oct 2019 15:22:23 GMT

If you failed to choose the proper box 14 code then the state return would be incorrect...getting a letter from the state pointing out the error is expected.

Re: Box 14 on W-2: 414(H)

jmg425 — Mon, 17 Feb 2020 21:28:36 GMT

How do you know to select 414H subject to NY tax or exempt from NY tax from box 14 on the w-2?

Re: How can I add 414H income to my NYS return?

jmg425 — Mon, 17 Feb 2020 21:30:40 GMT

So the amount in box 14 for 414(h) should always be selected as taxable for NY State?

Re: How can I add 414H income to my NYS return?

DaveF1006 — Tue, 18 Feb 2020 01:26:03 GMT

if you are using Turbo Tax Online, there is a drop down in Box 14 that you can select that indicates:

NY IRC 414H Subject to NY taxes or
NY IRC 414H TaxExempt

Report it the way that it reported in your W2 if it is indicated. If you are not sure or if it isn't indicated, check with your employer or select that it is taxable so you won't be penalized for not reporting.