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Retirement tax questions
I don't know how to answer the question i got about my deferred comp. I never thought of it as pension!! i had no choice about pay going into deferred comp - it started when i hit a certain income level.... part of pay paycheck just went there. and now over the enxt few years its being paid out -- so is it 'money i contributed?' it seems that way to me since it came off of my top line income.
The question from Turbo is "Did you take money out of your nonqualified pension plan?" and the answer choices are:
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."
‎January 23, 2023
1:36 PM