"Did you take money out of your nonqualified pension plan?"
I receive annual payments from a deferred compensation plan. The Turbotax interview needs to check whether the amount in Box 11 is money you contributed to your plan, or if it's money you took out of your plan. I assume I answer "Yes" because I've received the money, I'm not contributing it. When I answer "Yes," I'm prompted to enter a State and an Amount... what State should I enter, and what Amount? Is it the state where I live, or the state where I lived when I earned the compensation? Should the amount be 100% of the compensation, because there's only one state involved? Thank you!
You'll need to sign in or create an account to connect with an expert.
Is there any state information on the W-2 in boxes 15-20? Use the state in box 15.
Did you get a 1099R? Who is it from? Did you pick the right kind of 1099R? Box 11 is 1st year of designated ROTH contributions.
Thanks for your response! I got a W-2 for a payment from my deferred compensation plan. Box 11 on the W-2 is for Nonqualified plans, and the amount there is the same as in Box 1.
Is there any state information on the W-2 in boxes 15-20? Use the state in box 15.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Jewelwing
Level 2
boneafide72
New Member
jimlarkin5
New Member
msyoung1202
Level 1
mlpinvestor
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.