Since yours is a Roth 401(k) contribution, you will need to be careful when creating the substitute Form 1099-R so that you can properly report the handling of this excess contribution.
Here is how to create a substitute Form 1099-R:
- Go to Income on the left panel within your TurboTax account, then select Wages and income summary at the bottom of the drop down menu
- Scroll down to Retirement Plans and Social Security and click the down arrow to expand
- Click Start to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Click on +Add a 1099-R
- On the next screen, you can select Type it in myself, then Continue
- Select the box on the top left for Financial institution or other provider (1099-R), then Continue
- Enter the provider's information, then Continue
- Enter the details for your Form 1099-R, using Distribution Code B and Code P in Box 7, then Continue
- Enter 2025 as the Tax Year, Continue
- Note: Select "None of these apply". Do not select the, "I need to file a substitute 1099-R" box when you reach, "Do any of these situations apply to you?"
- Enter the Gross Distribution of $292 in Box 1
- Enter zero (0) in Box 2a to avoid double taxation
- Continue answering the questions, pressing Continue to advance
When you receive your official Form 1099-R in 2027, you will enter that Form when completing your 2026 tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
