You'll need to sign in or create an account to connect with an expert.
It's a double-entry. Since you are not a bona fide resident of Puerto Rico, you must, as you indicate, report this income to the United States for taxation. And while Puerto is a U.S. territory whose economy is on the U.S. Dollar, it is considered Foreign Income for tax purposes. While the form layout is different, there are only two boxes that matter for reporting in TurboTax (although amounts in other boxes may be necessary to include in some of the additional questions asked if the amounts are not 0). Box 7 on Form W2PR are the wages. This number is entered in the Foreign Wages section. This FAQ will aassist in showing where to enter this in TurboTax: https://ttlc.intuit.com/replies/3290703
Box 13, on the other hand, were your taxes withheld. It is on this amount that you have a potential credit. This credit is called the Credit on Foreign Taxes Paid. Please see this FAQ for more information on how to enter this information into TurboTax also: https://ttlc.intuit.com/replies/3302405
This is what you can do in TurboTax. However, you also wish to file the W2PR on a Puerto Rico return to ensure you paid in the correct amount to Puerto Rico or if you are entitled to a refund. That return is not available in TurboTax, but you can find more information at the following website: http://www.portocapital.com/department-of-treasury-of-puerto-rico-porto-capital/ (Click on link.)
I have a question if i have a employee that works for FEMA in PR and our company pay PR Federal for them and we pay SS and Med to United States, what type of W2 form do i feel out?
Where does the amount in box 12 of the W2PR go for turbotax?
Box 12 on Form 499r-2/w-2pr is Expenses & Fringe Benefit
It is posted to:
Federal
Items 8 & 9 will be reflective of the Fringe benefits.
Hi,
I work for a PR Co. (W2) but I'm living in Texas. My wife work as a teacher here in Texas, do I need to report my income with her.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
dbe2022
Level 3
mahimahimom
Level 3
spartatrl-msn-co
New Member
cryslarc1
New Member
fergen-albert
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.