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Retirement tax questions
Hoping you could advise me on my second W2 which doesn't have a box 12 filled in but does have "Retirement" checked in box 13. I need to determine how to answer the follow-up question. This is deferred compensation that pays out to me annually for 10 years. Do i answer taken out of nonqualified plan or put in? Logically I want to say taken out but given the other W2 complexity I am questioning my logic. Thank you for a response. This W2 has the same amount in Box 1 and Box 11 and fed, state, soc sec and medicare deductions taken out. No amoutn in box 12.
‎February 1, 2023
12:40 PM