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I over-contributed to my 401k in 2018 by $3,839 & contacted Fidelity to get my excess contribution back. I got $3,886 back. What # do I report for excess salary deferral?

Forum|Forum|6 years ago
June 7, 2019
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TurboTax Deluxe Online

Best answer by RachelW33

You need to report $3,839 for your excess salary deferral for 2018.

You will receive a Form 1099-R with Code "8" in Box 7 for the earnings of $47. If you withdrew the excess in 2019, this will go on your 2019 Tax Return.

RachelW33Answer

You need to report $3,839 for your excess salary deferral for 2018.

You will receive a Form 1099-R with Code "8" in Box 7 for the earnings of $47. If you withdrew the excess in 2019, this will go on your 2019 Tax Return.

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B

beanmeister

Employee

@ens087 Have you e-filed yet? I am on the latest version as of April 6, 2019 and there is a bug that will not let you e-file if you have excess deferrals on the W2 summary form.