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Retirement tax questions
I see in the IRS instructions for Form 1040 that nonqualified deferred compensation pension and annuity income is to be reported on Schedule 1, line 8t. I have two W-2 forms with such income, and I entered them both into TurboTax as separate W-2s. One has a certain (same) amount in both Box 1 and Box 11 (Nonqualified plans). The other is from a different payer and has a larger (same) amount in both Box 1 and Box 11. However, for some reason TurboTax is reporting the income from the first W-2 on Schedule 1, line 8t, while the income from the second W-2 is being reported on Form 1040 line 1a. Is this a bug in TurboTax? What should I do?
‎April 6, 2023
3:37 PM