Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

code K on W-2

lgmagsayo
Level 2

Got a client with a code K on W-2 amounts to $2160. I understand this is excess golden parachute which must be taxed 20%, but the software is using the whole amount of Code K as a tax, the whole $2160

Please help 

Labels (1)
0 Cheers
1 Reply 1
sjrcpa
Level 15

Box 12 Code K is the 20% tax. The software is correct.


ex-AllStar