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Deductions & credits
@MinhT1 Thank you so much. Please note that my excess contribution occurred in 2022. Should I report the excess money distribution in 2022 tax return (as a wage the way you described it), or should I just wait and report it in 2023 tax return since the 401k administrator will send me the 1099-R in 2024 for the excess distribution? I am thinking I should just report it in the 2023 tax return and do nothing extra in 2022 tax return. No?
Thanks!
‎April 3, 2023
2:56 PM