Skip to main content
Level 1
July 29, 2020
Question

adjustments

  • July 29, 2020
  • 2 replies
  • 0 views

why is the software deducting 401k, and other box 12 deductions on schedule 1?

This topic has been closed for replies.

2 replies

brettlin
Level 3
July 29, 2020

Is it possible the W2 did not account for the reduction in taxable wages so it is adding the contributions on Sch. 1? Does it give you an option to right-click the number on Sch.1 when you are viewing forms and select the the jump to input option? What about the worksheets? Is there anything on the worksheets that would explain where the numbers are coming from? I assume it is actually the amount from Box 12 on the W2, and not just a coincidence that the amount on box 12 is the same as what is on Sch. 1?

IRonMaN
Level 15
July 30, 2020

Pilot error?

Slava Ukraini!