Thanks for your quick and helpful reply. First let me respond to your suggestion about checking the the actual forms. I did that and the W-2s for 2021 and 2022 have entries in the exact same boxes (compensation in Box 1; withholding in box 2; and nonqualified plans in box 11 equal to the box 1 compensation). There are no entries in any of the other numbered boxes for either year. (These W-2s were issued by a major financial institution.)
Thanks for including the "What's New" section of the 2022 instructions. I do see that 8t is a new line in Schedule 1 for pensions from a nonqualified deferred compensation plan, and right before your reply I discussed this with Turbotax phone support. His resources advised to edit out the amount in box 11 of the W-2 entered in Turbotax (change it to zero) in order to force the compensation to appear on line 1 of the 1040. This might make sense becausethat the "Instructions for Employee" on the back of the 2022 W-2 states "Box 1. Enter this amount on the wages line of your tax return." But as previously indicated, Turbotax instead places it on Schedule 1, line 8t, which then flows to line 8 "Other Income" on the 1040. I will be happy to use this workaround if it is supposed to be reported on line 1 of the 1040. But I am hesitant, because I am not comfortable changing the number reported to me in box 11 to zero unless it is a legitimate workaround to correct incorrect handling by Turbotax. With the addition of line 8t to Schedule 1, perhaps it should be reported there and Turbotax is handling it properly. Are you able to tell me which is the proper reporting?
