- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
This should have never been reported on a 1099 MISC. it should have been reported on a W2 in Box 12. According to this IRS link, 457(b) plans are:
- Contributions to a 457(b) plan are tax-deferred.
- Earnings on the retirement money are tax-deferred.
A 457(b) plan is a deferred compensation plan for employees of state and local governments or certain tax-exempt organizations. An eligible government 457 deferred compensation plan is not a qualified plan but this doesn't mean that contributions are taxed deferred.
For informational purposes, contributions to a 457(b) plan are indicated with a code "G" in Box 12 of the Form W-2.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 22, 2020
2:18 PM