I switched jobs in 2022 and due to some mixup ended up over contributing to 401k by $5k in 2022. I called Fidelity and corrected this and got a check for refund for this amount by March 2023. However I did not receive any 1099 / corrected w2 for this in 2023 so I was asked to wait until I get the forms in 2024. I got a new 1099-R form in 2024 with the following details.
1. Gross distribution - 5k.
2a Taxable amount - $5000
3 Capital gain - 0
7 Distribution code P
Year 2023
I entered these in Turbotax while filing taxes 2023 and was asked to amend my 2022 returns. I am confused on reading various posts. What should I do about this now ? Given that I entered this form in 2023, was this $5000 considered for taxes in 2023 ? Or Should I amend my 2022 taxes and enter the same 1099R and refile ?
