I changed jobs in 2020 and over-contributed to my 401K and the money was returned to me in March of 2021. It does not make sense to me why i would select Code P for box 7 (excess contributions taxable in 2019) instead of code 8 (excess contributions taxable in 2020). I have researched this and it doesn't make sense...none of this happened in 2019 so why would i enter that and go back and amend my 2019 taxes?
