@xiaolwu wrote:
I accidentally contributed too much money into my 403b account for 2019. I fixed it by entering the difference under other - misc. income. However, when I downloaded a copy of my tax return after I electronically filed it, I couldn't find that amount on my tax form. Am I just looking in the wrong place? I really don't want to pay tax on this again next year when I get my 1099 since I already paid for it this year.
Did you enter it this way?
Miscellionious Income ->
Other Income not reported on a W-2 ->
Other wages (yes) ->
House Hold employee (Continue) ->
Sick Pay (Continue) ->
Other earned income (yes) (Includes excess salary deferrals)->
Source of income (other) ->
Any other income - enter the amount of the excess deferral and an explanation.
This will add the returned excess to your 2019 1040 line 1 as wages because it was deducted from you wages on the W-2 so must be returned by adding it to your wages.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
