I have a GM that I reimburse, through paycheck, the cost for her to carry ACA Health Insurance. She is filing her taxes and there is $300 listed as a W Expense in the Box 12, even though I paid her $150/bi-weekly check for the whole year. While filing her taxes it states that she needs a Form 5498 (think this is IRA) or on another site a Form 8889 (HSA). There was $1063.02 listed on her 2018 taxes, that did not require an additional form. Any ideas? She had auto-imported her W-2, I suggested that she manually enter it OR manually enter & leave it out to see what happens. Any ideas?
Hi there, @ob1 - you may want to check in with a tax professional on this one!
In the meantime, hopefully a member of the Seller Community will drop in with advice, as we aren't able to offer tax advice on behalf of Square. If you haven't already tried searching for some of these answers online, there should be some relevant information out there. Hope this helps get you pointed in the right direction - please let us know if anything else comes up 🙂
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