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?
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.
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