Form W-2, box 14, code 1 - auto

If an employer provided the taxpayer with a vehicle for the entire year, to use for business and personal driving, the employer may put a price tag on this fringe benefit for tax purposes by using the vehicle's annual lease value.
Any fringe benefit provided is taxable and must be included in the recipient's pay unless the law specifically excludes it, and it must be reported on Form W-2, Wage and Tax Statement, hence Box 14, Code 1 - Auto. Note that the fringe benefit has already been included in Box 1 - Wages; therefore, the amount assigned to Code 1 does not transfer anywhere on the return.

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