Ktsmilez
New Member

I have excess salary deferral from over contributing to 401K. TT has two places to enter this: "Any other earned Income"

One instruction is to to essentially make up a 1099-R, filed under Retirement Plans and the other place is to enter it under Misc Income, Any other Earned Income. Entering the value twice, taxes me twice. This is for $430 excess contributions made in 2020. Yes, I've gotten the reimbursement check back from Fidelity by now.