You'll need to sign in or create an account to connect with an expert.
Is it a 2019 W2 or 2021? You may need to amend 2019 to add it.
Thank you for replying to my question.
It is a 2021 W2, but I worked at the company back in 2019. They have sent me this W2 for an amount they say for Imputed Income. The person I talked to could not really explain what is Imputed Income. I never got any money from them in 2021, but they still send me this W2, as if I got money from them. I don't know if this W2 needs to be treated differently. If I treat it as a normal W2, it will increase my 2021 income for no reason. So I don't know what to do with it.
I had imputed income once. The employer provided life ins so the premium for the amount over 50,000 was applied to my income. I think it also can be if you have someone added on your health insurance that you aren't married to. It can be for other things too. They should know what it is from.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
shakmarsh345
New Member
semitchell1117
New Member
anber294k
New Member
Bianco
Returning Member
SunnyTX
Level 2