Retirement tax questions

The deadline to remove it was not changed and was by April 15, 2020.     It is now too late to remove it at all, but you still must pay tax on the excess which will be taxed a 2nd time when finally distributed after you retire.

 

(There are several screens to click through to get to the right place)

Miscellionious Income ->
Other Income not reported on a W-2 ->
Other wages (yes) ->
House Hold employee (Continue) ->
Sick Pay (Continue) ->
Other earned income (yes) (Includes excess salary deferrals)->
Source of income (other) ->
Any other income - enter the amount of the excess deferral and an explanation.

 

This will add the returned excess to your 2019 wages on line 1 as required.

 

For information see IRS Pub 525 page 10  (that also explains the double tax when the excess is not returned by Apr 15.)
https://www.irs.gov/pub/irs-pdf/p525.pdf

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**