DaveF1006
Expert Alumni

Retirement tax questions

Please read W2 instructions issued by the IRS regarding Box 11. It mentions Under nonqualified plans or nongovernmental 457(b) plans, deferred amounts (contributions) that are no longer subject to a substantial risk of forfeiture are taxable even if not distributed. Report these amounts in boxes 3 (up to the social security wage base) and 5. Do not report in box 11 deferrals included in boxes 3 and/or 5 and deferrals for current year services (such as those with no risk of forfeiture).

 

In answer to your question, the contribution should be reflected in Boxes 3 and Box 5 and not in Box 11. Reach out to us if you need further assistance.

 

@ZpTax 

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