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Level 4
February 21, 2020

W2 box 14 has an amount in there and it says other and right below other it says, loan

  • February 21, 2020
  • 2 replies
  • 8 views

I am assuming this is just for information purposes right? 

    This topic has been closed for replies.

    2 replies

    Just-Lisa-Now-
    Intuit Community Champion
    February 21, 2020

    Box 14 is generally for informational purposes, yes.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    solicitoAuthor
    Level 4
    February 21, 2020

    Thanks Lisa. So, just out of curiosity, so at some point last year, the employer took off of the employee's paycheck this loan and he is putting it in the W2 so the employee will have a record of it?

    abctax55
    Level 15
    February 21, 2020

    Only the employer and/or employee can answer that question.

    HumanKind... Be Both
    abctax55
    Level 15
    February 21, 2020

    Ass-u-me-ing when doing tax returns is generally not the best idea.  I'd ask my client what that *loan* is all about.  YMMV

    HumanKind... Be Both