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Retirement tax questions
Why is income from a nonqualified pension on a W-2 not considered "earned income" in the year you receive the non-qualified income on a W-2? For 2021 taxes turbotax told me it was earned income and as a result advised I should open a Roth for 2021. This year for 2022 Turbotax it is saying it is not "earned income" and I need to cancel the Roth I opened, because I have no earned income. That is a nightmare. What changed from 2021 turbo tax to 2022 turbo tax? In 2021 taxes it said it was earned income, now it is saying the same nonqualified pension distributions are not earned income, one year later for 2022. Help.
March 26, 2023
2:57 PM