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Level 1
October 1, 2022
Question

199a Negative Value W-2 Wages

  • October 1, 2022
  • 1 reply
  • 3 views

I received a K-1 where one of the passthrough companies held by the fund reported -15 in W-2 wages.  That has triggered two problems in the TT online process: (a) it won't let me enter 0 in the field about how much the wages are from a farming coop because that value isn't permitted to be higher than the overall W-2 reported wages and (b) in the W-2 wages adjustment box it isn't letting me put $0 because "the adjustments should not result in a wage value less than $0."  Any thoughts on a work around? 

thanks  

1 reply

Mike9241
Level 15
Level 15
October 1, 2022

what form are you working on? you might try deleting the entire wage line so nothing is reported for wages. 

Mike9241