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Returning Member
posted Mar 14, 2024 8:21:20 AM

W2

Turbo Tax is reporting that it can't e-file my return because it has a W2 with less than $1 in box 1.  This was due to the sale of a partial share of company stock I purchased when I was employed by McKesson through their ESOP program (I retired in 2020).  McKesson sent me the W2 with $.01 (that's not a typo) in box 1.  Can I delete the W2 to make Turbo Tax happy?  Then I have to ask did McKesson file the W2 with the IRS and will I get into trouble if I don't include it in the return?  Can you ask your on-staff CPAs what I need to do?

 

Thanks.

 

0 1 1623
1 Replies
Level 15
Mar 14, 2024 8:51:23 AM

If that is the only amount on the W-2 you don’t have to report it.