Whatever amount is shown for box 11 of the W-2 must be entered into box 11 of TurboTax's W-2 form. Distributions from nonqualified deferred compensation plans reported box 11, while included in the taxable amount shown in box 1, are not counted as wages for purposes that depend on the amount of your wages, such as whether or not the amount in box 1 of the W-2 will support an IRA contribution. For those purposes, TurboTax will automatically reduce the amount entered in box 1 by the amount entered in box 11.
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