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Non-qualified pension plan amount of Box 11 on W2 now reported on a different line with 2024 Turbotax

For 2024 taxes Box 1 and Box 11 of my W2 has same amount but this amount is no longer placed on line 8t of Schedule 1 (for a non-qualified pension) like done for last couple years (desktop versions of TurboTax). Why is it different this time?  Previously amount box 11 of W2 was only reported on line 8t and not on line 1 of the 1040.

 

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Accepted Solutions
ThomasM125
Expert Alumni

Non-qualified pension plan amount of Box 11 on W2 now reported on a different line with 2024 Turbotax

It could be that on the screen that says Did you take money out of your nonqualified pension plan? You didn't check the answer that says Yes, I took this money out of my nonqualified or Section 457 plan. When you check that box, you will be asked to enter the state involved and the amount distributed. That amount will be subtracted from your wages in box one on your W-2 form and listed on line 8(t) of Schedule 1.

 

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1 Reply
ThomasM125
Expert Alumni

Non-qualified pension plan amount of Box 11 on W2 now reported on a different line with 2024 Turbotax

It could be that on the screen that says Did you take money out of your nonqualified pension plan? You didn't check the answer that says Yes, I took this money out of my nonqualified or Section 457 plan. When you check that box, you will be asked to enter the state involved and the amount distributed. That amount will be subtracted from your wages in box one on your W-2 form and listed on line 8(t) of Schedule 1.

 

**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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