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- code K on W-2
code K on W-2
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lgmagsayo
Level 2
02-26-2021
05:35 PM
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Got a client with a code K on W-2 amounts to $2160. I understand this is excess golden parachute which must be taxed 20%, but the software is using the whole amount of Code K as a tax, the whole $2160
Please help
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1 Comment 1
sjrcpa
Level 15
02-26-2021
05:39 PM
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Box 12 Code K is the 20% tax. The software is correct.
The more I know, the more I don't know.
