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I am confused because I neither contributed nor took out the amount referenced in box 1. This amount represents C (taxable amount of group life insurance). Last year's return asked me if was either and at the bottom it had yes or no and I have always chosen no. My company pays this on my behalf. But this year (2021) it has Yes I took this money out of my nonqualified or Section 457 plan or No this is money I contributed. I am totally as to what to do. I just assumed this was imputed income since I didn't actually contribute anything to the payment of the insturance.
‎February 1, 2022
5:50 PM