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Codes GG and HH

I followed the directions to Update tax settings on codes GG & HH.  However, the directions only go so far.  No. 3, says choose Miscellaneous and select GG under Miscellaneous Item.  There is no GG under Miscellaneous Item.  There is an "add new" button at the bottom but that opens another page with many options to choose from.  I don't know enough about GG to choose the correct category.

 

In the same update to codes GG & HH, I also attempted to "Update settings in Edit Payroll Items but No. 2 says to right click on the item named GG and there is no payroll item GG.

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Best answer 01-29-2019

Accepted Solutions
Anonymous
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Re: Codes GG and HH

Hello there, @judy2.

 

I'm here to help update your tax settings on codes GG and HH in QuickBooks.

 

Let's update your tax table first before adding this on the payroll item. 

 

Here's how to add code GG:

 

  1. Go to Lists and select Payroll Item List.
  2. Click the drop-down arrow on the Payroll Item tab and select New.
  3. Select Custom Setup and choose Addition for the Payroll item type.
  4. Click Next and enter the name GG code, then click Next again.
  5. On the Tax tracking type, make sure to select the type used to track the amount included in income from qualified equity grants as defined in Section 83i of the IRC.
  6. Select Next until Finish.

Here's how to add code HH:

 

  1. Go to Lists and select Payroll Item List.
  2. Click the drop-down arrow on the Payroll Item tab and select New.
  3. Select Custom Setup and choose Deduction for the Payroll item type.
  4. Click Next and enter the name HH code, then click Next again.
  5. On the Tax tracking type, make sure to select the type used to track the amount included in income from qualified equity grants as defined in Section 83i of the IRC.
  6. Select Next until Finish.

Once done, you can now update the settings in the Payroll Setup. Just continue following the steps provided in this article: About the new W-2 box 12 codes GG & HH.

 

That should do it. Let me know if you have additional questions about the setup. I'm always here to help.

View solution in original post

1 Comment
Anonymous
Not applicable

Re: Codes GG and HH

Hello there, @judy2.

 

I'm here to help update your tax settings on codes GG and HH in QuickBooks.

 

Let's update your tax table first before adding this on the payroll item. 

 

Here's how to add code GG:

 

  1. Go to Lists and select Payroll Item List.
  2. Click the drop-down arrow on the Payroll Item tab and select New.
  3. Select Custom Setup and choose Addition for the Payroll item type.
  4. Click Next and enter the name GG code, then click Next again.
  5. On the Tax tracking type, make sure to select the type used to track the amount included in income from qualified equity grants as defined in Section 83i of the IRC.
  6. Select Next until Finish.

Here's how to add code HH:

 

  1. Go to Lists and select Payroll Item List.
  2. Click the drop-down arrow on the Payroll Item tab and select New.
  3. Select Custom Setup and choose Deduction for the Payroll item type.
  4. Click Next and enter the name HH code, then click Next again.
  5. On the Tax tracking type, make sure to select the type used to track the amount included in income from qualified equity grants as defined in Section 83i of the IRC.
  6. Select Next until Finish.

Once done, you can now update the settings in the Payroll Setup. Just continue following the steps provided in this article: About the new W-2 box 12 codes GG & HH.

 

That should do it. Let me know if you have additional questions about the setup. I'm always here to help.

View solution in original post

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