1252337
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1126890 is the token number.
My employer listed code z in box 14. TT is indicating this is a box 12 item and can't clear it because it won't make the calculations.
Code Z is for Income under a nonqualified deferred compensation plan that fails to satisfy Section 409A. Unfortunately, TurboTax does not support additional tax and interest calculations. Can you confirm the withholdings listed in the W-2 is actually Income under a nonqualified deferred compensation plan? If so, TurboTax does not support the calculation.
Unfortunately I can't. I just left this employer a week ago and where I may have been able to look those numbers up internally I no longer have access.
Is there a way to make this adjustment after TT is done with my return? The fact that TT doesn't support those calculations is fine, but where does that leave me? Does TT Live get me the answers I need? Or do I have to find a nearby tax pro to finish this off for me?
Since TurboTax does not support those adjustments, I advise contacting a local tax professional.
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