Hello. I had received a Form1099R with amounts in Box 1 and 2A. The amt is for return of excess contributions made to a 401k Plan by a former employer. I had input the form into TT. However, no amounts transferred to Form 1040. Should the amount have been put into Form 1040 via TurboTax and why didn't TT "automatically" include the amount in Form 1040? Please help me understand. Or does this adding of income to FOrm 1040 in TT need to be done manually. PS The year is for 2018 and amounts were returned in the same year, 2018.
If the amount s/b included (which I believe it should be since it is in effect add'l taxable wages) , where? As a component of wages or other income? Finally, if there is any income or or loss on the excess contribution made, prior to it being returned, should it be separately reported as misc income? Please advise on each question.
Thanks very much for your assistance!
