My husband passed and I still receive a reduced portion of his Nonqualified pension and a Deferred Compensation plan. The income was reported on a W-2 in 2022 & 2023. In 2024 the pension and DCP custodian started reporting the distributions on form 1099-MISC and put the distribution amount in BOX 3 (Other income). I thought they would have entered the income in box 15 (Nonqualified deferred compensation). However, I have done some research and apparently it is reported correctly since the plans are inherited. I just don't know how to get TurboTax to understand the income is from a NQ pension and NQ DCP and not Self-employed income which is what it is currently doing and charging me employment taxes. Does anyone know how to get this to report correctly?
