To report a taxable excess contribution to your retirement plan on your 2019 tax return in TurboTax Home and Business, try these instructions:
- Click on Personal, then Personal Income in the top menu, then I will choose what I want to work on.
- Under Your 2019 Income Summary, scroll down to Less Common Income
- Select Miscellaneous Income and click Start
- Select Other income not already reported on a Form W-2 or Form 1099 and click on Start
- Click through the questions till you get to Other Earned Income
- Answer Yes to Did you receive any other wages?
- Click through the screens until you come to Enter Source of Other Earned Income
- Indicate Other as Source of Other Earned Income and click Continue
- For the description enter "2018 Excess Deferrals" and click on Done
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