Thanks John,I think Turbotax is correct, just isn't clear, until I dig into the Form 8959.Turbotax explains to me like this:"You made Total payments of $XXX for...
Thanks Bill,Yes, TurboTax added the $1,250 excess back to Other Income, and you are right, the excess was from the code W amount in box 12 of one of my W-2Also,...
thanks Mike,Based on your example, it seems the net additional owedcan be calculated by math below:$250000 * 1.45% + (Sum_of_all_Box_5_on_W2 - $250000) *2.35% -...
Agree, it is very confusing, for my case, though I enrolled into HDHP plan which should cover my spouse, choosing an answer of either Yes or None seems both can...
@DanaB27wrote:You can just report with the steps mentioned above by Tax Expert MinhT1.If you receive the distribution of the excess deferral and earnings by Apr...