Coleen3
Intuit Alumni

Get your taxes done using TurboTax

Yes, tax reporting for distributions from nonqualified deferred compensation plans depends on the employment status of the plan participant. Tax information for employees is reported using Form W-2, while tax information for independent contractors (i.e., agents or members of the Board of Directors) is reported using Form 1099 MISC.

You can call the company and get the correct information if it causes a problem in e-filing. There could be a transposition of numbers or maybe they are using a DBA.

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