OK, thanks. Let me just make very clear what happened and make sure I understand your advice.
I made a contribution to my traditional 401K while I worked for the first employer. So the w-2 does not include that income as taxable in the box 1 wages.
I made the maximum 19500 contribution while I worked for the second employer.
You're saying that the first contribution amount is above the allowable annual maximum. Therefore I need to request that the contribution be returned to me and that the w-2 be amended so that the box 1 wages includes the returned amount. Is that correct?
That makes sense, I understand and will do. Just curious, why would I pay taxes twice on the over contribition?
