turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What do I enter for the "let's review your box 14" entry when Box 14 has 3 entries, 2 of which are not recognized

the 2 unrecognized codes are ESPPD (Employee Stock Purchase Plan) and RSU (Restricted Stock Units)

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

What do I enter for the "let's review your box 14" entry when Box 14 has 3 entries, 2 of which are not recognized

I'm not sure why you're getting that "let's review your Box 14" entries.

In the main Box 14 is simply a "memo" box where your employer tells you some information about your W-2.  In this case your employer is telling you the amount of compensation created by your Disqualifying sale of some stock acquired via an ESPP and the amount of compensation created by the vesting of the RSUs that's included in your Box 1 amount. 

So if you have an annual salary of $50,000, created $175 dollars of compensation because of your sale of stock acquired via the ESPP and received 40 shares of company stock when the stock was trading at $33 a share for compensation of $1,320, your Box 1 amount would be $51,495.

But, typically, entering information in Box 14 into TurboTax or not entering this information into TurboTax at all has no effect on your income tax return.  So if you want to enter those amounts into TurboTax use a "tax category" of "Other - not on above list", or simply delete what you've already entered.  Either way should have no effect except to stop TurboTax from asking about them.

Tom Young



View solution in original post

1 Reply

What do I enter for the "let's review your box 14" entry when Box 14 has 3 entries, 2 of which are not recognized

I'm not sure why you're getting that "let's review your Box 14" entries.

In the main Box 14 is simply a "memo" box where your employer tells you some information about your W-2.  In this case your employer is telling you the amount of compensation created by your Disqualifying sale of some stock acquired via an ESPP and the amount of compensation created by the vesting of the RSUs that's included in your Box 1 amount. 

So if you have an annual salary of $50,000, created $175 dollars of compensation because of your sale of stock acquired via the ESPP and received 40 shares of company stock when the stock was trading at $33 a share for compensation of $1,320, your Box 1 amount would be $51,495.

But, typically, entering information in Box 14 into TurboTax or not entering this information into TurboTax at all has no effect on your income tax return.  So if you want to enter those amounts into TurboTax use a "tax category" of "Other - not on above list", or simply delete what you've already entered.  Either way should have no effect except to stop TurboTax from asking about them.

Tom Young



message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies