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Did you take money out of your nonqualified pension plan?

I receive annual payments from a deferred compensation plan. The Turbotax interview needs to check whether the amount in Box 11 is money you contributed to your plan, or if it's money you took out of your plan. I assume I answer "Yes" because I've received the money, I'm not contributing it. When I answer "Yes," I'm prompted to enter a State and an Amount... what State should I enter, and what Amount? Is it the state where I live, or the state where I lived when I earned the compensation? Should the amount be 100% of the compensation, because there's only one state involved? Thank you!

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1 Best answer

Accepted Solutions
DawnC
Expert Alumni

Did you take money out of your nonqualified pension plan?

Is there any state information on the W-2 in boxes 15-20?    Use the state in box 15.  

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3 Replies

Did you take money out of your nonqualified pension plan?

Did you get a 1099R?  Who is it from?  Did you pick the right kind of 1099R?  Box 11 is 1st year of designated ROTH contributions.

Did you take money out of your nonqualified pension plan?

Thanks for your response! I got a W-2 for a payment from my deferred compensation plan. Box 11 on the W-2 is for Nonqualified plans, and the amount there is the same as in Box 1. 

DawnC
Expert Alumni

Did you take money out of your nonqualified pension plan?

Is there any state information on the W-2 in boxes 15-20?    Use the state in box 15.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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