I had an over contribution to 401k traditional (due to two jobs in one year) for 2022. I received the overpayment amount in the same year, and it was reflected in a 2022 1099-R from my most recent employer. Entered the 1099-R properly in Turbotax.
When completing the Wages & Income section, it tells me that I have a retirement contribution overpayment in the the amount that I entered in the 1099-R. Note that I already paid taxes on it, as reflected in the 1099-R. Does Turbotax not recognize the already-entered 1099-R Code 8 in its calculations?
