fineleg Posted February 22, 2008 Posted February 22, 2008 Income from your employers will be reported in W2. If there are corrections, then employer will give you a corrected w2 called the W-2C form. If you have a W2 and a corrected W-2C - how do you report this in Turbo Tax? Has anyone here done this? IRS gives general guidelines: http://www.irs.gov/pub/irs-pdf/fw2c.pdf But, my question is specific to how Turbo Tax data can be entered, and how this software deals with this correctly.
apocalypse Posted February 22, 2008 Posted February 22, 2008 Which turbo tax software are u using? basic? deluxe?
coffee_rules Posted February 22, 2008 Posted February 22, 2008 I bought the most expensive one last year and it let me input W2/W2-C.
fineleg Posted February 22, 2008 Author Posted February 22, 2008 Which turbo tax software are u using? basic? deluxe? I bought the most expensive one last year and it let me input W2/W2-C. Apo, Turbo Tax Premier...it should be "supposedly" better than deluxe...so Coffee Rules' post gives some hope...I havent yet gone and tried it. http://turbotax.intuit.com/ I have never done this w-2c thingy before.
apocalypse Posted February 22, 2008 Posted February 22, 2008 why u are getting Turbo Tax Premier? I think Turbo Tax deluxe will also do the same. I have turbo tax deluxe software. I will check it on weekend about form W2C
fineleg Posted February 22, 2008 Author Posted February 22, 2008 why u are getting Turbo Tax Premier? I think Turbo Tax deluxe will also do the same. I have turbo tax deluxe software. I will check it on weekend about form W2C Apo, TT Deluxe does not handle investments, stocks, mutual funds that well. (it will technically handle it and you can manually ensure it does, but the interface for those are not there, or sucks)... Used to be TT Deluxe had those earlier, but greedy Intuit-wallas have removed it from Deluxe and pushed it upto TT Premier.
apocalypse Posted February 22, 2008 Posted February 22, 2008 It did when I entered my investments info. Anyways what you can also do is start the basic online and see what happens when it asks for W2C form. I think W2C form's provision would be in basic too
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