Thank you for this info DanaB27. I am in a similar situation for TY 2024, realized it in Feb 2025, contacted the plan admin, and received checks for $433 in excess Roth 401(k) deferral and $13.32 earning on the contributions in March 2025.
I understand that I will receive 1099-Rs in 2026. For the return of excess deferral, you state "...If the distribution was for a 2022 excess deferral to a designated Roth account, your Form 1099-R should have codes B and P in box 7. Don’t add this amount to your wages on your 2022 return." So what does one do with that 1099-R?
I understand that I will enter $13.32 amount from the the 1099-R to my 2025 income.
Thanks.
