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IF YOU ENTERED LETTER "K" ON BOX 12, IT WILL COMPUTE THE 20% EXCISE TAX PARACHUTE, SO ENTER "K" ON BOX 14 AND THE AMOUNT WILL BE RECORDED AS TAXES PAID TO INCREASE REFUND OR DECREASE AMOUNT DUE.
Be very careful when uploading your W2 and reviewing your final return. TurboTax put the Letter K amount from box 14 on my W2 in Box 12 on their online form and it nearly took over $500 off my refund.
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