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Get your taxes done using TurboTax
Had excess contribution of $9,000 to 401k in 2021 due to change in employer. Noticed and informed new employer the same in 2021 itself and they sent me a cheque for the overpayment of $9000 in Dec, 2021. They just send me a distribution statement but no tax form. 2021 W2 also doesn't reflect this correction. What should i do? HR said i will get tax forms next year. I read that i need to report the $9000 as income in my 2020 tax return. Please advise how to handle this.
‎April 18, 2022
8:18 PM