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Question

I overpaid my 401k due to two different jobs in 2024. My current employer cannot repay me as the deadline has passed. My previous 401k is rolled over in IRA. Advise pl.

Forum|Forum|1 year ago
March 24, 2025
1 reply
0 views

No text available

Yes, you will need to include the excess deferral in TurboTax. Here is how!!

Log into your account
Select Wages and income
Less Common income
Miscellaneous Income, 1099-A, 1099>start
Scroll to the bottom of the page to Other Reportable Income
Other taxable income, answer yes
Then give a brief description of the income and the amount listed..
Enter this as Excess 401k deferral and then the amount of the excess deferral.

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sureshkpandeyAuthor

Thanks.