Should I manually remove the amount of non-qualified deferred income earned in 2019 if I haven't received a payout yet? It showed up on my W-2 as "NONQ PAY" in Box 14.

hlccmtax · ‎February 20, 2020

DavidD66 · ‎February 20, 2020

No, you shouldn't "manually remove" you non-qualified deferred compensation. Amounts appearing in box 14 of your W-2 are memo entries, and the amount(s) do not flow to your tax return. Unless your employer included the non-qualified compensation in Box 1 of your W-2, it's not being reported as taxable income. If it is included in Box 1, and you have not yet received it, then you should talk to your employer, but you cannot manually adjust your W-2 - doing so won't change the amount reported to your employer.

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DavidD66 · ‎February 20, 2020

No, you shouldn't "manually remove" you non-qualified deferred compensation. Amounts appearing in box 14 of your W-2 are memo entries, and the amount(s) do not flow to your tax return. Unless your employer included the non-qualified compensation in Box 1 of your W-2, it's not being reported as taxable income. If it is included in Box 1, and you have not yet received it, then you should talk to your employer, but you cannot manually adjust your W-2 - doing so won't change the amount reported to your employer.

**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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Should I manually remove the amount of non-qualified deferred income earned in 2019 if I haven't received a payout yet? It showed up on my W-2 as "NONQ PAY" in Box 14.