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

dongudhus
Level 1
 
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itonewbie
Level 15

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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Terry53029
Level 14
Level 14
the ones I have seen are reported on a W2, did your client receive a W2
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itonewbie
Level 15
Same here unless it's from a foreign employer.
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Still an AllStar
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itonewbie
Level 15

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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