Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 


Level 1

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

Labels (1)
0 Cheers
2 Replies 2
Level 3

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?

0 Cheers
Level 15

Pilot error?

Armpit sniffer. Yup, checked out the help wanted ads and found the job. With my nose, how can I go wrong?