prabhudevprasad
Returning Member

Retirement tax questions

Hello, Reporting of non qualified 457b distribution continues to be a problem.  Fidelity issues me a W2 for the 457b distributions each year. They include this amount in Box1 (wages and tips), Box 11(Non qualified plans) and Box 16(state wages).  When I put in all this information in TurboTax as a second W2, it doubled the amount in Line 8 of 1040 and also in Schedule X of Massachusetts return. This is obviously increasing the taxable amount. I tried deleting the Box 1 amount and including only Box11, but it did the same thing.  Please let me know how to correct this. Is TurboTax working on any fix for this ?  Thanks