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Nonqualified Pension Plan - Taking money out vs Contributing
When entering the W-2 for the Executive Deferment (which my husband contributed to) the Turbo Tax question is "Did you take money out of your non-qualified pension plan?" The two possible answers are: "Yes, I took this money out of my nonqualified or Sec 457 plan" OR "No, this is money I contributed to my nonqualified or Sec 457 plan." This is money he is receiving quarterly (he's retired) but he did contribute to the amount while working. Which answer is correct?
Thank you for your help.
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‎January 28, 2024
2:39 PM