Retirement tax questions


@2107Azure wrote:

the money was earned as an independent contractor and the annual required tax was paid in the year earned .  In the past I reported  it on line 20 other income but I don{t know how to do it this year.


Two points:

1. The explanation of how to report "other income" is given above.

 

2. I'm not convinced that it is legal or appropriate for an independent contractor to ever report deferred compensation.  I have only ever seen it discussed in the context of employees.  I also don't know how you could have "paid the tax" on independent contractor compensation without reporting it as income.  (You would somehow have to pay self-employment tax but exclude it from income tax.). I suggest you get professional assistance from a CPA or enrolled agent if you have questions about this arrangement.