Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
rgrant77586
New Member

W2 shows box 12 code p although not military -> TT corrected W2 is required. Employer advises an exception qualified moving expenses incurred in 2017 and paid in 2018.

Turbo Tax states I require a corrected W2 because Box 12 P-code is used and we are non-military.

From employer:

Please note that with the IRS tax reform they allowed for an exception of qualified moving expenses incurred in 2017 and paid in the 2018 relocation tax year to remain excludable (non-taxable) even for non-military. This is created a tax software conflict as the W2 references of those qualified moving benefits paid to you however as non-military this should be omitted (removed from entry) as you complete your tax return.  Please let me know if anything further is needed.


How do I resolve this conflict???

1 Reply
macuser_22
Level 15

W2 shows box 12 code p although not military -> TT corrected W2 is required. Employer advises an exception qualified moving expenses incurred in 2017 and paid in 2018.

Pursuant to IRS Notice 2018-75.
https://www.irs.gov/pub/irs-drop/n-18-75.pdf

Moving expenses incurred in 2017 but paid in 2018 can be reported on a 2018 W-2 with code P for non-military.

My suggestion is to print and mail and attach Pursuant to IRS Notice 2018-75.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v