Reporting W2 Income from more than one Nonqualified Deferred Compensation Plan Payer

[Brenda1956]

I see in the IRS instructions for Form 1040 that nonqualified deferred compensation pension and annuity income is to be reported on Schedule 1, line 8t. I have two W-2 forms with such income, and I entered them both into TurboTax as separate W-2s. One has a certain (same) amount in both Box 1 and Box 11 (Nonqualified plans). The other is from a different payer and has a larger (same) amount in both Box 1 and Box 11. However, for some reason TurboTax is reporting the income from the first W-2 on Schedule 1, line 8t, while the income from the second W-2 is being reported on Form 1040 line 1a. Is this a bug in TurboTax? What should I do?

[LindaS5247]

You can try deleting and reentering your Forms W-2.  This may fix the issue.  Also, after you delete them clear your cache and cookies.  Go out of the program and go back in and add the Forms W-2 again.

Both line 1a and Line 8 of Form 1040, are taxed the same so it will not have any affect on your refund/amount due. As long as you have entered your Forms W-2 exactly as they are shown, you should have no issues.  Keep all of your documents with your 2022 tax return information.

If this does not help please feel free to come back to TurboTax Community additional details or questions or click here for information on Turbo Tax Support.  You can connect with a Live TurboTax Agent and share your screen.