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Get your taxes done using TurboTax
It depends, how your nonqualified plan reported the earnings/distributions in 2021, and which codes and boxes they used. Here are the Instructions for 2022, 1040 filing. Indicated on page 18 is for nonqualified plans. There have been situations where it's reported one way, then they report another in different years depending on plan administration. Check your nonqualified form you received last year, and compare, not just the comparisons from the return, but the actual form received from your nonqualified plan. From what I gather and assume, it was still taxed correctly in 2021, even being carried into a possible different line (1a last year, taxable line as well). There was a change for 2022.
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March 25, 2023
11:38 AM