Please clarify your question.
Code D in Box 12 on the W-2 is:
D — Elective deferral under a 401(k) cash or arrangement plan. This includes a SIMPLE 401(k) arrangement.
If that is the case, Box 1 (Wages) of the W-2 will be less than Box 5 (Medicare Wages) by that amount because Box 1 took advantage of the 401-K deduction.
There is not a number designation like (20) associated with Box 12. If This is not a 401-k contribution. I suggest you contact your employer for clarification.
No...Just ignore the "20"
The "20" just refers to a makeup contribution for a 2020 , but made in 2021 , thus, the "20"
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As @dmertz has noted in another post (though no AA20 in your case):
"The 20 after the D and after the AA indicates a contribution made in 2021 as a make-up contribution for 2020 under the Uniformed Services Employment and Reemployment Rights Act of 1994."
AA20 is a similar make-up contribution made for 2020 under USERRA but to a designated Roth account instead of to the traditional account in the (TSP) plan.
Agreed ... IGNORE the "20" ... just enter it as a simple code D.
I have the same thing on W-2, but have one line with sum next to D, and then second line with D 20 and different sum... not sure what to do?
@mcmeenster92 wrote:
I have the same thing on W-2, but have one line with sum next to D, and then second line with D 20 and different sum... not sure what to do?
You will need to contact your employer to find out why there are two code D's on your W-2. The one with the code D 20 is not valid as it appears to be indicating tax year 2020 for the amount.
On a 2021 W-2, code D by itself on a represents your elective deferrals for 2021. The code D20 indicates your make-up contributions for 2020 under the Uniformed Services Employment and Reemployment Rights Act (USERRA).
Do I just add the D20 and D line together to submit in turbotax? I was on AD so could have something to do with my USERRA.
@ashleyphillips2 wrote:
Do I just add the D20 and D line together to submit in turbotax? I was on AD so could have something to do with my USERRA.
Do not add the two amounts together. Each Code D is entered separately as shown on your W-2
IRS W-2 Instructions - https://www.irs.gov/pub/irs-pdf/iw2w3.pdf
If any elective deferrals, salary reduction amounts, or nonelective contributions under a section 457(b) plan during the year are make-up amounts under the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA) for a prior year, you must enter the prior year contributions separately. Beginning with the earliest year, enter the code, the year, and the amount. For example, elective deferrals of $2,250 for 2020 and $1,250 for 2021 under USERRA under a section 401(k) plan are reported in box 12 as follows.
D 20 2250.00, D 21 1250.00. A 2022 contribution of $7,000 does not require a year designation; enter it as D 7000.00. Report the code (and year for prior year USERRA contributions) to the left of the vertical line in boxes 12a through 12d.
When I enter them separately, Turbotax says the following:
The two amounts for D20 and D, when added together, matches the total amount on my last Leave and Earning statement for 2021, which is why it seems like I should add them together since Turbotax find it as an error when they are entered on two separate D lines.
@ashleyphillips2 wrote:
When I enter them separately, Turbotax says the following:
We need to fix an error with box 12Here's what to do:
- Check the following entries against your W-2 and delete the duplicate box 12 code(s) using the trash icon.
- Make sure the amount next to each remaining code matches your W-2.
The two amounts for D20 and D, when added together, matches the total amount on my last Leave and Earning statement for 2021, which is why it seems like I should add them together since Turbotax find it as an error when they are entered on two separate D lines.
Since the program errors out with the two code D's then combine the amounts on one line with a Code D.
I have the same problem. The line that has $56.20 should be coded D20.
Should I add the two D lines or ignore D20 on my W-2?
AGREED ... ignore the D20 since that really belongs on the 2020 return not the 2021. Do not add the 2 code d amounts together or you will get an error code for putting in too much 401K contributions.
Turbo tax will not allow two entries under the same code. I have AA and AA20. When I try to use two code AA it tells me I need to review and fix the error. What do I do?
OK, Folks, I have Line 12 issue (W2).
I have 4 codes in Line 12:
AA
AA21
DD
D21
Each line has a different amount. I understand (from discussion above) that AA21 and D21 refer to TY21 issues that are reported on the TY22 W2. But TurboTax will not accept a second AA line or a D line after a DD line. What I enter must match what IRS received, correct? So I can't continue with this W2 until there's a fix for this.