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August 5, 2024
Question

Excess 401k Contribution with timely withdrawal

  • August 5, 2024
  • 0 replies
  • 0 views

 Hello, 

 

I had two jobs in 2023 and contributed an excess to my 401K.  I was able to contact Fidelity and have the excess returned to me on April 10, 2024 before the April 15th deadline.   How do I edit/file my taxes to account for this in the Turbotax Premier desktop version ? I found other discussions indicating that I need to update my Misc Income to document the excess amount.  But, I was wondering do I need to change the numbers on my W2 as well  before I file?   Can you please list ALL of the exact steps I need to take on my 2023 taxes and my 2024 taxes to fix this correction ?