401K employer matching
If I have $200 taken out of my check once a month for my 401K, my employer matches that. That would total $4800 (12x$200 twice). If my total income were $100000 the taxable income would be $100000-$2400. Quicken in it's tax summary>adjustments to income section, takes my contribution amount and adds the employers contribution together. So the result would be $100000-$4800=net taxable income, which is wrong! This makes my estimated tax due/refund amount incorrect, because my projected taxable income is always incorrect. Contributions from employer are not deducted from gross income it is just matched and deposited in your 401k account. This is has happening with me for years in Quicken. Is there a work around for this that I'm not seeing?
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