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The meaning of "nondeductible" IRA contributions?

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R

ryanf1475

Active Member
davew9128 said:
Would seem to me that if it was a US employer that your 457 contributions are deducted from box 1 of your W-2.
Click to expand...
That's correct, but the entire amount in Box 1 was excluded, so I had no taxable compensation, which would mean I need to amend to INclude 18K since that is how much went into the 457. Is this right? Thanks.
 


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