@marty00 , thank you for your kind words. I am glad my post was helpful. In fact I could've been more helpful but this site will not allow me to post the link to PDF form and the new fax number, but the mobile app way to upload form and W2 is definitely something new and not mentioned in the PDF form.
I already received my check on Monday, BRAVO Fidelity! On my check is the full excess amount plus earning, no tax was withheld.
There is also a Distribution Statement comes with the check, on the back it says:
"
Return of Excess Distribution
It has been determined that you made an deferrals in excess of the 402(g). ....The amount of the excess deferral and earnings (less the Roth, if any) are taxable to you in 2020. In January 2021, you will receive an IRS Form 1099-R reflecting this corrective distribution.
Your excess deferral amount is $XXX and your earnings amount is $XXX"
Again I got the full amount plus earning. I will follow the earlier advice and ignore the 1099-R that was the excess amount (because I already paid tax this year) and pay only the tax on the earnings.
Big Thanks to @macuser_22 and @MinhT1 for their awesome replies. You guys rock!
Again Turbo Tax's owe example is wrong for creating your own 1099R.
