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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

What do I do if the code in Form W-2, box 14 is not available in the Box 14 statement in Screen W2?

Answer

The instructions for Form W-2, box 14 state that employers may "use this box for any other information that you want to give to your employees." Therefore, unlike box 12, which contains an IRS-defined set of codes, it is very likely Forms W-2 are issued with codes that are not available in the application. First, review the item and determine what, if any, tax ramifications exist. Once you have determined which form/return is affected, use the applicable input screens to report the item on the federal and/or state return.

Related topic: Form W-2, box 14 code FAQ (1040)

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