ad5jh
Returning Member

Get your taxes done using TurboTax

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.