Thanks for your reply.
Would the employer need to provide a corrected W-2 since thats how the numbers are reported on the official W-2? I'm not comfortable erasing their entry without it being official.
Just as an FYI: It was reported this way in 2022, so I don't think it is a reporting error (especially with this employer). I don't recall answering this Box 11 question last year.
Assuming it is reported correctly in Box 11, how is an employer paying Life Insurance on my behalf considered a nonqualified plan distribution or contribution? If I were to answer the question for Box 11, how would you advise I answer it?
Finally, how does TurboTax use the answer in Box 11 to complete my taxes? In other words, would a wrong answer have an impact on taxable income/taxes owed?
