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2022 W-2 with Box 11 - nonqualified plans

Forum|Forum|3 years ago
February 10, 2023
8 replies
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Retired taxpayer has W-2 from nonqualified plans box 11 checked. Lacerte has critical warming said this nonqualified plan amount should be reported in Sch 1 in 2022 form 1040. And, taxpayer can not e-file his form 1040 for 2022.

Is this something new for tax year 2022 form 1040? I do see form 1040 changed. But, has to paper file returns?

How to correct this error?

Thanks

Lacerte Tax

This topic has been closed for replies.

Best answer by TaxGirl3

Try entering the W2 box 11 amount in screen 14.1 and reducing the W2 box 1 by that amount (if that's the only amount in box 1, leave $1 to allow the W2 withholding). Does that work?

P

PolishTaxGuy

Level 2

Following and hoping for an answer here as well.

D

darcydf

Level 2

Following. I need an answer on this also.

5280taxhelp

Level 2

Following and waiting for a response.

J

Joel2

Level 2

I am holding for an answer to the W-2 Box 11 issue.

5280taxhelp

Level 2

I moved the W-2 for the NCDC to the other income section. See below.

Pension or annuity from a nonqualified deferred compensation plan or a nongovernmental section 457 plan (W-2 Box 11) [Override]

BUT on the W-2 it says taxes were withheld. Where would one put that information?

H

hgtcAuthor

Level 5

unfortunately, I am still waiting for answer to fix this e-filing issue.

I did ask Lacerte, they said I need to update the program. but, I am in the most updated version.....

T

TaxGirl3Answer

Level 5

Try entering the W2 box 11 amount in screen 14.1 and reducing the W2 box 1 by that amount (if that's the only amount in box 1, leave $1 to allow the W2 withholding). Does that work?

H

hgtcAuthor

Level 5

will try that. Thanks.

B

Bob Saunders

Level 3

This seems tricky especially when there is a matching state return - like NY - which caused another critical diagnostic preventing it from filing. Not sure it will pass the matching with IRS and will cause aa notice. How about just not completing box 11 in the w-2 screen instead?

T

TaxGirl3

Level 5

That's correct. Do not enter the W2 box 11 amount in the W2 screen. Instead, enter it in screen 14.1. Also, W2 box 1 includes (is increased by) the W2 box 11 amount, and you therefore have to manually reduce the box 1 amount in the W2 screen (the program does this automatically when you put the W2 box 11 amount in the W2 screen, but now you are not doing that).

L

lgjcpa

Level 2

Lacerte still does not have it correct - Be extremely careful on entering amounts in Box 11 in the W-2 data entry fields.

The 2021 and 2022 General Instructions for Form W-2 clearly indicate the purpose of "Box 11 - Non Qualified plans" is for the Social Security Administration -

L

Laurie6

Level 3

Entered W2 for retiree as in the past year in Lacerte with Line 1 wages equaling Line 11 non-qualified plans. Amount has always been taxable in the past, but for 2022 the Line 11 amount is subtracted from Line 1 so no taxable income. This appears incorrect.

Is Lacerte fixing this? Why the change?

sjrcpa

Level 15

Are you sure it is not appearing as taxable income elsewhere on the return?

The more I know the more I don’t know.

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