Form 8880 is not being generated and I feel it should be - what am I missing?

Forum|Forum|3 years ago
February 4, 2023
2 replies
27 views

Single individual with wages of $29754 - had contribution of $1901 to 457b. The Form 8880 is not being generated and I cannot figure out why. The Federal form
1040 shows line 11 as $29700 with taxpayer having liability of $1814. The $1901 457b contribution is listed on the W-2 in box 12. What am I missing. I feel this should qualify for saver's credit. Individual was not a full time student.

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Just-Lisa-Now-

Intuit Community Champion

Isn't there a box/question down on the fed info worksheet that you check for the 8880?

About being a fulltime student or not, if you dont check it, it doesn't calculate

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

G

GotaxesAuthor

Level 3

There isn't a box you would check without prompt (re: red warning). The box on the Fed info worksheet is whether or not the individual was a full time student. Since the Form 8880 is not being generated the box warning does not appear. I did check the box as to no - not a full time student but still nothing. In the past, the Form 8880 would generate once the retirement contribution was listed in the W-2 box 12a. If you failed to list the contribution in box 12a, then you would not have a Form 8880 appear.

I'm stumped.

BobKamman

Level 15

Do you have his date of birth entered on the Info worksheet? How old is he?

G

GotaxesAuthor

Level 3

Absolutely and no, the individual was not born after January 1, 2005.

What is missing?

G

GotaxesAuthor

Level 3

Thanks to all who responded. After stressing & thinking about this for the last few hours (!) I finally found the issue. Yes, this may have been something I had been told about or read about earlier but sure don't remember. On the W-2 screen (since this was a 457b - code g contribution) you have to check a box on the right side that says" If box 12 is: G - you check yes for is this an elective deferral. Wow, that was sort of garbled but if you look at the W-2 screen you will see what I am referring to.

Again, thanks for the help.

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