Question

Employer reimbursed 100% of relocation through a third party via accountable plan but all of it is showing up in W2 Block 1 as wages? Is the W2 wrong?

Forum|Forum|7 years ago
June 4, 2019
1 reply
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I paid nothing out of pocket and my employer used a gross up For tax assistance. W2 Block 12 Code P only shows $200. However the qualified deductible moving expenses, amounting to $14,000, appear in Block 1 as wages. This brings my adjusted gross to over $20,000 above my normal income. Do I deducted the $14,000 on form 3909 removing $200 from code p or is the W-2 incorrect?

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J

JohnW15

Employee

It's possible that your W-2 is wrong; if you believe it is, you should contact your employer before you file your return.

You can deduct the reimbursed moving expenses that are shown in box 1 of your W-2 on Form 3903. However, the reimbursements in box 12 with Code P are fringe benefits that aren't deductible.

Please see the article below for further details.

https://ttlc.intuit.com/replies/5207715