Dear macuser_22:
Thank you for your expert input so far. Do you have any inputs (NOT advice, we know the wording) for folks found out this before 7/15 deadline, but unlikely to get Fidelity to cut the check before 7/15? I think the folks won't want to file an amended return, but can expect the Fidelity to refund the excess after 7/15.
Fidelity has a PDF form for this, search "return of excess contribution 401k fidelity", use the one with workplaceservices in URL.
And if Fidelity does do the refund, then there won't be a double tax scenario because there is no extra money when distributing the 401K in the future, right?
And only if Fidelity will not refund (after 4/15 or after 7/15), then this is a double tax situation, correct?
