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Business & farm
No, TurboTax knows how to properly report this income and put it where it belongs. "Other Income" is properly reported on Schedule 1 that flows through to your Form 1040 on line 10. It is taxed the same as 1040, line 1a.
A nonqualified pension withdrawal is generally reported in Box 1 and 11of Form W-2, as a distribution from a Nonqualified 'pension' plan, and is taxable.
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March 16, 2023
8:17 PM