Thank you.
I have a few follow up questions:
- Why should it say "For the description enter "2019 Excess 401K Deferrals" and click on Done." if the excess of contribution happened in 2020? Also, I received back the excess contribution in 2021, should it still be 2020 Other income?
- The excess returned to me was lower, than originally contributed, because the stock went down. So online it is reported as partially "withdrawn" (X), and partially "change in market value" (Y). So in my manually corrected w2 (my employer is not sending me a new one) I will adjust 401k contribution substracting X and Y, and in the Excess contribution I received back I will state X. Is it correct?
- TurboTax suggests I also fill in 1099R on my own (Fidelity is not sending me a new one till the next year). But your steps do not suggest it. What am I missing?
THANK YOU
