turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Our Community is moving to a new platform on June 8th! Read more here!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

basts13
New Member

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

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Rachel_W
Expert Alumni

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

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.

View solution in original post

1 Reply
Rachel_W
Expert Alumni

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

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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question