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rodl1
New Member

Why is the total income different then the W2 income?

Why is the Total Income different then the W2 income?
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2 Replies
AliciaP1
Expert Alumni

Why is the total income different then the W2 income?

There are many different forms that report taxable income besides a W2.  You can review your Form 1040 to see what lines are populated.

 

To do this in TurboTax Online you can follow these steps:

  1. Sign in to your TurboTax account
  2. Open or continue your return
  3. Select Tax Tools from the menu (if you don't see this, select the menu icon in the upper-left corner)
  4. With the Tax Tools menu open, you can then:
    • View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu
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Why is the total income different then the W2 income?

Do you have any letters by line 1?

SCH by 1040 line 1Wages  is  taxable scholarship income and the amount

HSH is for Household Help

DCB means Dependent Care Benefit

 

Or do you have any 1099R forms with code 3 in box 7?  1099R box 7 Code 3 is for disability retirement.  It will ask the earliest age you could have retired at if still working.  If you are younger than that age then the distribution will be treated as wages since it replaces wages on line 1 on the 1040 form.  If you are older then that age the the distribution will be treated as a pension.

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