turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Doc1944
New Member

Iowa state tax and W-2 Box 14 Code V, Is this number to be entered as a response to "Tell us about your health insurance premiums"?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Iowa state tax and W-2 Box 14 Code V, Is this number to be entered as a response to "Tell us about your health insurance premiums"?

Code V in box 12 of your W-2 is "Income from the exercise of nonstatutory stock option(s)."

I do not know what question you are referring to (is it on your state return?), but your insuance premiums are listed with code DD in box 12 of your W-2.

NOTE: these premiums are being paid with tax-advantaged dollars, so you do not normally enter them separately on your state return. You normally are asked only about health insurance premiums that you paid with post-tax dollars.

Ah, I found the question you are probably referring to on the Iowa interview ("Tell us about your health insurance premiums"). As you can see from the red text at the bottom, you are not to enter your code DD amount. Enter only health insurance premiums that you paid for with after-tax dollars (many taxpayers do not pay for these premiums with after-tax dollars). 



message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies