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Level 2
posted Jun 4, 2019 5:25:23 PM

An employer used Codes K, V and Y for amounts in W-2 Box 14. Could they have put these code/amounts in Box 14 in error due to lack of remaining space in Box 12?

Or do I need to worry about it?

0 1 14845
1 Replies
Expert Alumni
Jun 4, 2019 5:25:25 PM

Per IRS, the information that your employer lists in Box 14 of your W-2 does not usually affect your income tax return.

Employers can put just about anything in box 14; it's a catch-all for items that don't have their own dedicated box on the W-2.

In TurboTax, enter the description from your W-2's box 14 on the first field in the row. Enter the dollar amount and select the correct tax category that goes with that description.

If none of the categories apply, scroll to the bottom of the list and choose Other–not on above list. Don’t worry. We'll figure out if it impacts your return or not. If we need more information, we'll ask you.

If box 14 is blank, just skip over it. Don't enter a 0 for any blank boxes.