Wages & Income: W-2 error in block 14 code K should be: “K - Pretax Vision and Dental Deduction”
according to the Employee W-2 form.
And NOT:
“K – 20% excise tax – golden parachute” which in the 2022 Turbo tax program.
Still the same in 2023. In fact, for Box 14, Codes K, V, and Y were all interpreted incorrectly by TurboTax. Not only were they coded incorrectly, but if we hadn't caught the errors, we would have paid both federal and state income taxes instead of receiving refunds. Let the buyer beware.