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Should I report my W-2, box 11, as regular income even though I am retired?

I did not work for this employer in 2016 at all.  It was added to my compensation when I was still working because I was on the executive payroll.

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Accepted Solutions
DDollar
Expert Alumni

Should I report my W-2, box 11, as regular income even though I am retired?

I'm not sure what mean by report as "regular income".  You should enter your W-2 as is.  If there is an error you should get your former employer to issue a corrected W-2.

Box 11 is used to report a distribution made to you from a nonqualified deferred compensation or nongovernmental section 457(b) plan, or (b) included in box 3 and/or 5 if it is a prior year deferral under a nonqualified or section 457(b) plan that became taxable for social security and Medicare taxes this year because there is no longer a substantial risk of forfeiture of your right to the deferred amount. This box shouldn’t be used if you had a deferral and a distribution in the same calendar year. If you made a deferral and received a distribution in the same calendar year, and you are or will be age 62 by the end of the calendar year, your employer should file Form SSA-131, Employer Report of Special Wage Payments, with the Social Security Administration and give you a copy.


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1 Reply
DDollar
Expert Alumni

Should I report my W-2, box 11, as regular income even though I am retired?

I'm not sure what mean by report as "regular income".  You should enter your W-2 as is.  If there is an error you should get your former employer to issue a corrected W-2.

Box 11 is used to report a distribution made to you from a nonqualified deferred compensation or nongovernmental section 457(b) plan, or (b) included in box 3 and/or 5 if it is a prior year deferral under a nonqualified or section 457(b) plan that became taxable for social security and Medicare taxes this year because there is no longer a substantial risk of forfeiture of your right to the deferred amount. This box shouldn’t be used if you had a deferral and a distribution in the same calendar year. If you made a deferral and received a distribution in the same calendar year, and you are or will be age 62 by the end of the calendar year, your employer should file Form SSA-131, Employer Report of Special Wage Payments, with the Social Security Administration and give you a copy.


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