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- w2 and section 14 and the K code
w2 and section 14 and the K code
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nealstaxrefund
Level 1
yesterday
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I have a w-2 from the defense department and in box 14 it has a K code. If I put it in box 12 that k code says statutory excise tax and the dollars amount reduces the clients refund by whatever is in that box. If I put it in box 14 it doesn't calculate
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sjrcpa
Level 15
yesterday
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What do you think is supposed to calculate?
Box 14 is informational. Particularly with US gov't W-2s there is usually nothing to do. What does the cheat sheet (W-2 info for employee instructions) say Box 14 Code K is?
The more I know, the more I don't know.
Just-Lisa-Now-
Level 15
yesterday
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a K in box 12 is completely different than a K in Box 14.
I have someone with the Dept of Defense and shes got K and V in Box 14, I mistakenly put them in Box 12 one year (the W2 makes it look like theyre a continuation of Box 12), thought it was weird she had stock options (code V) LOL
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
