W2, Line 12, code D refers to:
Elective deferrals to a section 401(k) cash or deferred arrangement. Also includes deferrals under a SIMPLE retirement account that is part of a section 401(k) arrangement
Just enter the information as TurboTax requests and it will make the following calculations for you.
Not helpful. I have the same thing. To be more specific, in Box 9, it is not JUST D 20
It is D 20 18357.02
And when I uploaded the PDF, Turbo Tax entered "20"
I think it should probably be 18357.02,but it is hard to tell.
The 20 refers to the year 2020 (as opposed to 2019). Ignore the 20. If it imported wrong you need to fix it. Or delete the W2 and manually enter it.
On the new W2 I have a D 20 and a D how do I enter the D 20 in turbo tax? I don’t have the option in the drop down. Thank you
Ignore the 20. That just means the year. Just enter another line for the second D. Enter both D on 2 lines.
I have a Military Retiree with D 20 and D. It did not download incorrectly. Do I combine it with the other D. There is no other catergory.
@pyago Did you get a W2? Ignore the "20" . Can't you add another box 12 for the other D? I guess you can add them together.
i have the same problem too, when i going to e file my tax it was showed i have to fix it i just delate the d20 and you cannot put double on D it will be an error
I have a D20 with an amount and a D with an amount. I have tried to create 2 D lines and entered each amount. However, when I go to e-file, it kicks me back to this screen and says there is an error. What do I do?
Thank you,
Melissa
If it says "D 20" and then an amount. Just enter D and the amount. The 20 is just information that it was a 2020 contribution and shoukd be ignored.
This is not correct. If you just ignore it and keep going, when you get to the review part it comes up with an error that says you have two of the same entries in box 12.
turbo tax software will not let you manually enter nor will it allow 2 Ds
If I add them together, it is over the annual 401k contribution limit amount.
Is this being reported because the employer forgot to include that amount for the designated tax year for the number following the "d"?
Try entering the 2 D amounts directly on the form itself like this and see what happens.
Thank you. A couple of things- I found out where this is addressed on the IRS website (https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-userra-and-sscra#D1), very bottom of page.
Issues with TurboTax:
1) I can only use dropdown selection even when in Forms view on the desktop software version, so I cannot put in the designated year for the separate D/401K contribution, I can only label as "D" (instead of D 21, like how it is reported on my W2 and like how the IRS is instructing you to fill out in the link)
2) I can go into the form view and just put in another line with D and the separate amount, but it triggers an error on my form. Am I allowed to eFile with this "error", or do I need to print it out and submit by mail?
Thank you!
@taxingfilerr wrote:
Thank you. A couple of things- I found out where this is addressed on the IRS website (https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-userra-and-sscra#D1), very bottom of page.
Issues with TurboTax:
1) I can only use dropdown selection even when in Forms view on the desktop software version, so I cannot put in the designated year for the separate D/401K contribution, I can only label as "D" (instead of D 21, like how it is reported on my W2 and like how the IRS is instructing you to fill out in the link)
2) I can go into the form view and just put in another line with D and the separate amount, but it triggers an error on my form. Am I allowed to eFile with this "error", or do I need to print it out and submit by mail?
Thank you!
Leave the 21 (or 20) off. That is the year the contribution was for and is for your information only. The W-2 form only allows the code (D) and dollar amount. Only enter the D and the dollar amount.
I was waiting for the 8960 error for folks with 1099 forms to be fixed before submitting my form, and now that the 8960 error has been fixed, I tried to e-File my form, but TurboTax would not allow me to e-file because I had duplicate D designated entries (1 for current tax year, and another for prior year catch up contribution).
After reading similar threads from prior year, looks like this is just informational material that doesn't show up in its broken down form on the actual tax return forms so I just added the 2 D-values together and over reported for this tax filing year