@TheExit55 wrote:
Thank you @macuser_22!
Last clarifying question, Do I enter the 2020 contributions to individual 401K in the "elective Deferrals" box as my Contribution less the excess withdraw I've already done? Or the total amount contributed including the excess?
And then in the any other income - enter the amount of the excess deferral and an explanation which you stated would be the amount of the excess that was returned not including earnings only?
The amount of the excess returned minus any earnings returned. If you do not know that amount then just wait for the 1099-R that will be sent to you.
**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.**
