Answered: Am I required to report, under Section 457A, any nonqualified deferred compensation on a 2018 federal tax rerturn? How is this done?

dongudhus · ‎12-07-2019

itonewbie · ‎12-07-2019

Don't believe there is any official guidance for that, unlike 409A. If your client is US-based, he/she should consult the employer on the reporting. In any case, it should be part of Line 7.

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Still an AllStar

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Terry53029 · ‎12-07-2019

the ones I have seen are reported on a W2, did your client receive a W2

itonewbie · ‎12-07-2019

Same here unless it's from a foreign employer.

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Still an AllStar

itonewbie · ‎12-07-2019

Don't believe there is any official guidance for that, unlike 409A. If your client is US-based, he/she should consult the employer on the reporting. In any case, it should be part of Line 7.

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Still an AllStar

Am I required to report, under Section 457A, any nonqualified deferred compensation on a 2018 federal tax rerturn? How is this done?

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