Archimage
Jan 19 2006, 12:17 PM
How are distributions reported from NQDC Plans? I am not sure but I think if you are an employee it is reported on your W-2. If your a non-employee then it is reported on 1099-MISC. Is this correct?
Locust
Jan 20 2006, 03:27 PM
I would put it a little differently.
If the NQDC was earned for services as an employee, use the W-2.
If the NQDC was earned for services as an independent contractor, file a 1099-Misc.
TAG
Jan 25 2006, 09:16 AM
Archimage,
The distributions are typically reported on a separate W-2 form for employees.
A death benefit is reported on a 1099-R.
QDRO (DRO) and director's fees are reported on 1099-Misc.
Hope that helps.
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