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Retirement tax questions
The accounting department claims the w-2 is correct as Box 11 is only reflecting the vesting of an executive pension plan. The pension was not paid out as a lump sum but rather is being distributed in small monthly payments. They also produced a separate w-2 for the second half of 2025 when monthly income was actually distributed from this plan.
I left box 11 blank in my Turbotax return since vesting in a pension plan is very different from receiving an actual cash distribution and there was no other way around this glitch. Was that correct?
March 1, 2026
3:58 PM