Non-qualified plan contributions?

Forum|Forum|3 years ago
March 2, 2023
1 reply
2 views

What tax form reports non-qualified plan contributions and in which box?

BillM223

Level 15

What kind of plan are you referring to? There are a number of non-qualified plans.

Are you referring to a Deferred-compensation plan? If so, what IRS section refers to it?

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

ZpTaxAuthor

Level 4

Any of those plans. The answer is W-2 form.

I don't understand, after all W-2 data are input, why TT is asking if it is a contribution or withdrawal, when boxes 1 and 11 are filled in. If it was a contribution, box 1 would be blank.

GeorgeM777

Level 11

Employers use box 11 to report money you put into a non-qualified plan in a prior year, but they also may use it to report money that you withdrew from a non-qualified plan. Thus, TurboTax needs to ask whether the amount was a contribution or a withdrawal.

@ZpTax

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