1252337
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

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.

W-2 Income in box 12 code z

1126890 is the token number. 

 

My employer listed code z in box 14.  TT is indicating this is a box 12 item and can't clear it because it won't make the calculations.  

BrittanyS
Expert Alumni

W-2 Income in box 12 code z

Code Z is for Income under a nonqualified deferred compensation plan that fails to satisfy Section 409A.  Unfortunately, TurboTax does not support additional tax and interest calculations.  Can you confirm the withholdings listed in the W-2 is actually Income under a nonqualified deferred compensation plan?  If so, TurboTax does not support the calculation.

 

@Walkernate 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

W-2 Income in box 12 code z

Unfortunately I can't.  I just left this employer a week ago and where I may have been able to look those numbers up internally I no longer have access.  

 

Is there a way to make this adjustment after TT is done with my return?  The fact that TT doesn't support those calculations is fine, but where does that leave me?  Does TT Live get me the answers I need?  Or do I have to find a nearby tax pro to finish this off for me? 

W-2 Income in box 12 code z

Since TurboTax does not support those adjustments, I advise contacting a local tax professional.

 

@Walkernate 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question