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Get your taxes done using TurboTax
If you had $19500 contributed to your 401K with your second employer, ask the first employer refund the entire amount of 401K contributions you made there.
You don't have to figure out when in the year your over-contribution occurred.
If you don't receive your corrected W-2 by tax filing deadline, you can report the amount you over-contributed as Other Income Not Reported on a W-2 or 1099.
You'll get a 2022 Form 1099-R to report the overcontribution refunded to you, but since you have already added it to your 2021 income (either by Corrected W-2 or 'Other Income'), only the Earnings will be taxable for 2022.
Click this link for more info on Excess 401K Contribution.
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‎February 28, 2022
1:50 PM