Question

What Is this the correct Turbotax entry in the Box 14 pulldown for taxable employer reimbursed life insurance or annuity payments reported on the w2 as "other"?

Forum|Forum|7 years ago
June 6, 2019
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My employer reimburses me for life insurance or annuity payments up to $6500 and reports he reimbursement amount in the w2 in Box 14 as "Other." This is a taxable fringe benefit. That is the correct turbotax code from the "other" pulldown selection?

TurboTax Deluxe Windows

L

LisaBr

If your life insurance or annuity payment is not one of those items on the list, you need to use Other - not on above list. TurboTax will be able to know how it impacts your return.

Using one of those items on the list when it is not will be beneficial to you.

You can read the following information for more details:

https://ttlc.intuit.com/questions/1901151-what-is-box-14-on-my-w-2-for