P.S. 58 Costs Taxable?

[John A]

Are P.S. 58 Costs taxable each year in a nonqualified deferred compensation plan as they are in a qualified plan? If so, how are taxable P.S. 58 Costs reported each year? If not, how do P.S. 58 costs affect a nonqualified deferred compensation plan (or do they not have any effect)?

[Kirk Maldonado]

This issue was discussed a few weeks ago. You should be able to find it if you do a search.

[John A]

Kirk,

It does not seem directly on point to me, but is this the thread you mean?

http://benefitslink.com/boards/index.php?showtopic=17892

Thank you.

[Kirk Maldonado]

That's the one.