Employer issued duplicate W-2s for life insurance premium paid by employer; I am retired, employer refused to withdraw one W-2

[jade8362818]

Employer issued duplicate W-2s for life insurance premium paid by employer; I am retired. If I enter both of them I will be taxed twice, so do I just enter one of them. Employer said that the company started a new process; if a retiree worked for multiple entities of the same company during employment, and even if the retiree has only ONE life insurance policy premium paid for by the employer, the company will issue two W-2s. I'm concerned that I will be taxed twice for the imputed income from life insurance premiums paid by employer.

[AmyC · Accepted solution]

Yes, we need to get your taxable income correct. This is a two step process.

First: input both w2s so the IRS can match up the forms.

Second: subtract one of them back out.

Subtract various  expenses

1. Open to federal income
2. Locate Miscellaneous Income, 1099-A, 1099-C, Start
3. Scroll to the bottom
4. Other reportable income, Start
5. Other taxable income?
6. Select YES
7. Description -whatever you want - duplicate w2 correction
8. Amount, enter your negative amount, use a minus sign in front.
9. Continue

There  is another spot for entering W2 information, you can't have a negative income. The subtraction must be entered in this manner.

[jade8362818]

Amy C, thanks for the quick response & detailed instructions. The instructions were easy to follow. I went back to the section to upload the duplicate W2 after entering the information in the section you indicated. Thanks again.