sjrcpa
Level 15
11-29-2022
05:47 PM
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Nonqualified deferred comp means it is deductible when the recipient includes it in income.
I'm not really sure how it works for a self-employed person. How is he "deferring" it?
EDIT: rereading. I think he gets the "deduction" in effect, because the medical center is only paying him the net after the deferral. Therefore his reportable income is net of the deferral.
Ex-AllStar