I over-contributed to my Roth 401K plan for tax year 2022 due to switching jobs in mid-year. While working on the 2022 tax return using TurboTax Desktop software, it warned me about it. So I held off filing the 2022 tax return and requested the deferral. I received a check of $5500 from Vanguard showing Excess Roth Deferral ($5000) and Allocable Income ($500) in mid-March 2023. The letter that came with the check mentioned how I'll receive two 1099-R forms in January of 2024 and if I filed a 2022 return without including the pre-tax amount of excess deferrals as taxable income (line 7)), I will need to file an amended return for 2022.
Since I'm yet to file my 2022 tax return, is there something that I need to do on TurboTax 2022 to report the Excess Roth Deferrals I've received before I wrap up my 2022 tax return? Some of the Q&As on reporting excess 401k deferral mentions reporting it as Miscellaneous Income with description of "2022 Excess 401k Deferrals" but I'm wondering if this is something that you would do if the deferral was for pre-tax contribution. Am I right on this? Would there be anything to amend for 2022 when I receive the 2023 1099-Rs in January of 2024?
