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Level 1
posted Jan 18, 2024 1:28:46 PM

Can't e-file because of W-2 Box 12 letter code error

The Federal review fails with an error with W-2 Box 12 using code S - Contributions to 408 (p) SIMPLE plan,  This is the code that is reported on my W-2.  It mentions that the IRS has recently modified guidance for this code, apparently this hasn't been updated in TurboTax Deluxe forms yet.  This review error is preventing me from e-filing my return today.  When will this be corrected/updated?

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1 Best answer
Level 1
Feb 8, 2024 9:39:43 AM

This problem was finally corrected by TurboTax on 2/7/24 update, and I was able to e-file on 2/8/24.  The Federal and State tax amounts calculated were unchanged.

2 Replies
Level 15
Jan 18, 2024 1:46:24 PM

Hard to know.

The IRS apparently made some late change (in the last couple weeks) as to how the Box 12 ,Code S is to be treated in certain situations.

 

TTX is working on the appropriate changes...try again each Thurs or Friday (Software updates usually come out on Wed or Thursday nights.)

Level 1
Feb 8, 2024 9:39:43 AM

This problem was finally corrected by TurboTax on 2/7/24 update, and I was able to e-file on 2/8/24.  The Federal and State tax amounts calculated were unchanged.