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February 6, 2020
Question

Is a distribution from a non-qualified 457b considered earned or unearned income, it is reported on w-2 box 1 and 11?

  • February 6, 2020
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1 reply

Employee
February 6, 2020

It is not earned income for the purpose of making an IRA contribution.  The amount on a W-2 that is eligible to support an IRA contribution is the amount in box 1 minus the amount in box 11.