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1099-Misc Box 15 - "Nonqualified Deferred Compensation" reporting
Hi, I received my 1099-Misc for deferred compensation. Box 1-14 are blank, and box 15 shows the accurate "Nonqualified Deferred Compensation" amount.
When I enter the amount in Box 15 in TurboTax, I receive a pop-up message saying " Box 15 nonqualified deferred compensation, Income under Section 409A on a nonqualified deferred compensation plan is unusual and the calculations for the additional tax and interest on this are not supported"
‎April 7, 2025
9:47 AM