W2 box 16

Forum|Forum|2 years ago
March 11, 2024
1 reply
3 views

My W2 box 16 has a negative value. When I try to input that, TT requires that the value be 0 or more. How to fix or work around this bug?

Bsch4477

Level 15

What are the amounts in box 1 and box 16?

louannandthomAuthor

Level 2

Box 1 5943.61
Box 16 -30.35

BillM223

Level 15

With this entry, your employer is saying that you had negative 30.35 dollars of income in whatever state is in box 15.

This sounds like a mistaken calculation in the software that generated your W-2.

I suppose it is possible that this state has some adjustment that would reduce the apparent income to be less than zero. Since I don't know the state, I can't be sure, but I imagine that any calculation here that results in a number less then zero, should be set to zero.

Contact your employer and ask what this entry in box 16 is supposed to be, and then get a corrected W-2.

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