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Level 3
February 22, 2024
Question

W-2 Box 11 Deferred Compensation Plan

  • February 22, 2024
  • 1 reply
  • 13 views

Anyone know why ProSeries is taking amount in Box 11 (W-2) and reducing Box 1 Wages?  

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1 reply

sjrcpa
Level 15
February 22, 2024

Because Deferred Comp now gets reported on a different line on the 1040. 

The more I know the more I don’t know.
ChrisCPA1Author
Level 3
February 27, 2024

Thanks BUT... why is software automatically reducing 1040 wages for Box 11 amount.  This is an error.