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W2 Box 12 for NQDC Plans Code Y

in Payroll and OTL - EBS (MOSC) 1 commentAnswered

Hi Community,

The IRS says to use Code Y for reporting NQDC (Non Qualified Deferred Comp) Plans for the W2 Box 12. I am noticing that Code Y is not in the list of the special handling codes for UDC 06|S2. Can we just add Code Y to that UDC? Why wouldn't it be in this UDC?

Thanks!

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