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Retirement tax questions
It does look weird, but the e-file system won't reject your return on the basis of this.
This is a change in reporting required by the IRS for tax year 2022.
Pension or annuity income from a nonqualified deferred compensation plan or nongovernmental section 457 plan is now reported on Schedule 1, line 8t.
When a taxpayer receives a pension or annuity from one of these plans, and it's been reported in box 1 of Form W-2, the amount should no longer be included on line 1a of Form 1040.
March 2, 2023
1:53 PM