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I have Elective deferrals higher then allowed. (I worked for 2 company) I told my company and they returned extra to me that I reported as misc income. But will not send

Forum|Forum|7 years ago
June 1, 2019
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Best answer by RachelW33

You have taken the right steps to have the excess distributed and include the amount of the excess deferral on your 2018 Tax Return.

At this point, I think you are running into an e-filing issue within TurboTax. An update to fix the issue is expected to be released around 4/5/2019. You can check out this TurboTax FAQ for more information: Excess 401(k) Contribution Preventing E-filing.

Be sure to sign up for updates to be alerted as soon as there is a solution. If you do not want to wait for an update, you have the option to paper file your tax returns as this is only an e-filing issue.

RachelW33Answer

You have taken the right steps to have the excess distributed and include the amount of the excess deferral on your 2018 Tax Return.

At this point, I think you are running into an e-filing issue within TurboTax. An update to fix the issue is expected to be released around 4/5/2019. You can check out this TurboTax FAQ for more information: Excess 401(k) Contribution Preventing E-filing.

Be sure to sign up for updates to be alerted as soon as there is a solution. If you do not want to wait for an update, you have the option to paper file your tax returns as this is only an e-filing issue.

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