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I am attempting to add additional income on a W2 but only in

 
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  • Answered by:Tom K
  • Assistant Information Systems Manager
  • Positive Feedback: 100.0 %
  • Accepted Answers: 47
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Customer Question

I am attempting to add additional income on a W2 but only in box 1 and 16. How can I accomplish this.

 

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Computer OS: Windows XP
Browser: IE

Submitted: 825 days and 4 hours ago.
Category: Financial Software
Value: $58
Status: CLOSED
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Expert:  Tom K replied 825 days and 4 hours ago.

What tax software are you using that you are trying to do this with?

Customer replied 825 days and 3 hours ago.

2010 Peachtree Premium Account for Manufacturing

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Expert:  Tom K replied 825 days and 3 hours ago.

What happens when you attempt to just enter amounts in just boxes 1 and 16?

Customer replied 825 days and 3 hours ago.

I thought of that and it is doable. However, I didn't know if it would affect my general ledger or would I have to make a journal entry to correct.

Accepted Answer

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Expert:  Tom K replied 825 days and 3 hours ago.

As far as I can tell it shouldn't since it is additional income.

Expert TypeAssistant Information Systems Manager
Category: Financial Software
Pos. Feedback: 100.0 %
Accepts: 47
Answered: 1/13/2011

Experience: Experienced in the usage of Financial programs such as Quickbooks, Peachtree, and Quicken.

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