PIK on a W2 usually stands for Payment-in-kind, which refers to any good or service paid in lieu of cash/check.
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 classified). Don’t worry. We'll figure out if it impacts your return or not. If we need more information, we'll ask you.
@ladybear47
[Edited 3/01/24 | 10:47am PST]
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
