I have deferred compensation from my prior employment. On my W-2 I have income and the same amount shown in box 11. This is identical both in my 2023 and 2024 tax returns. However in 2023, I do not see an entry in schedule 1 8T and in 2024, I do see an entry. In 2023, Turbo tax allowed my IRA deduction and in 2024, it does not. As I looked online, I found deferred compensation is treated as earned income. Since there is some confusion here, I wonder if you can point me to the wording you are referencing in an IRS document.
