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You need to review your W-2 input before filing. Enter your Railroad Retirement Tier 1 amounts in box 14 of the W-2. Do not enter it box 4 for Social Security withholdings. In box 14, enter the description, amount, and select the category drop down then scroll to Railroad Retirement Tier 1. Additionally, you will need to enter in box 14 the Railroad Retirement compensation amount from box 1 of the W2 so the overpayment is not reported. Select "Railroad Retirement Compensation" from the box 14 category.
Click here for more information on entering Railroad Retirement information in TurboTax
I am in the Payroll Department at a Railroad, and we get SEVERAL requests based upon this TurboTax bug. I even got the error message when I entered my own W2. I found I get the message after my initial entry of my W2. If I get out of the W2 entry, then go back to it, I will no longer get the error message.
TurboTax support team - it would nice if you would fix this bug. It would reduce the number of calls the Railroad payroll departments get asking for unwarranted W2Cs...This started last year, and continued into 2021 tax year.
I work for BNSF as well. Make sure you enter your retirement info from Box 14 and categorize it properly when prompted. I have not entered anything in the Social Security box for 20 years and I've used Turbo Tax every year and I have always gotten a proper refund. Thanks. -Brian
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