In the tax year 2020 I ended up leaving my company and joining another company with less pay. How does not having a W-2c impact me when I file my taxes before April?
In addition, I took out [removed] from my 401K due to covid and I am not 59 years old could this be the reason why I am getting a W-2c?
Form W-2c: Corrected Wage and Tax Statement is a corrected version of your W-2.
If you received a W2c and already imported or entered your W-2 and you haven't yet filed, go back and edit your W-2 with the corrected info from your W-2c.
And if you already mailed your return, or it was accepted, you may need to amend.
The W2c probably is not related to the 1099-R and the 1099-R will be entered in a sperate location in TurboTax.
You'll get a 1099-R if you received $10 or more from a retirement plan. Here's how to enter your 1099-R in TurboTax:
See the following link for more information on the Coronavirus Aid, Relief and Economic Security (CARES) Act, you might see some relief when you file your 2020 taxes (taxes filed in 2021).,
2020 Stimulus: Tax Relief for This Year's Taxes - TurboTax ...