Question

the statutory employee box in box 13 is checked on josie's form W-2 josie has expenses related to her income. How should she report the form W-2 box 1 amount on form 1040?

Answer 1

Answer and Step-by-step explanation:

Using a TaxSlayer Pro program.

If a taxpayer receives a Form W-2 marked as a Statutory Employee in box 13, you will have to make two entries.

Enter the Form W-2 in the Form W-2 entry menu.

Make sure that a check mark is placed in the Statutory Employee box in Box 13.

When you have completed the Form W-2 entry, exit out and go to the main menu of the tax return (Form 1040).

REPORTING THE FORM W-2 BOX 1 IN FORM 1040:

She would report the amount from Box 1 on Line 7 of her Form 1040 or 1040A, or on Line 1 of Form 1040EZ.

If she's having several W-2 forms, she will need to add up the Box 1 amounts and enter the total.