The rationale and completion of forms (discussed above) is precisely the manner in which TurboTax handled my 2022 and 2023 filing. Any contribution to an IRA was limited by amount of earned income (other than that from non-qualified plan) on line 1 of 1040. However, for 2024, with identical payments and identical EOY W-2 from non-qualified plan TurboTax shows the amount from box 1of W-2 in line 1 of 1040, nothing in Schedule 1, Line 8t and therefore does not have the same limit on IRA contribution. Has there been a change in IRS interpretation and handling of deferred comp paid under non-qualified plan or mistake in Turbotax 2024? Note I have entered both Line 1 and Line 11 in W-2 input form.
