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Get your taxes done using TurboTax
You can ignore the message since you got the excess deferral removed and entered Form 1099-R in TurboTax. Entering Form 1099-R with code 8 for the excess deferral will add the excess deferral amount to your wages on your 2022 tax return. You can check line 1 on Form 1040.
Please see Pub 525 for additional information.
Please be aware, there won't be any penalty calculated for a 401(k) excess (only for IRA excess contributions). Therefore, you can ignore the message.
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‎February 1, 2023
5:05 AM