- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Neither choice for "Did you take money out of your nonqualified pension plan?" seems applicable
In TurboTax desktop, in the Income section, it asks "Did you take money out of your nonqualified pension plan?" There are two choices:
- Yes, I took this money out of my nonqualified or Section 457 plan.
- No, this is money I contributed to my nonqualified or Section 457 plan.
Neither choice seems applicable. I don't have a nonqualified or Section 457 plan. My company's payroll department explained that box 11 of my W-2 is filled with a dollar amount because I receive social security payments, and this box indicates something to the Social Security Administration about my box 1 wages. Here's an article that seems to corroborate this.
How should I answer the question?
Thanks!
Topics:
March 5, 2022
11:15 AM