I made an excess contribution to my 401K due to job change mid-year 2020. TurboTax is saying that I have until May 17th (tax filing date) to withdraw the excess funds from my account without incurring additional tax. However, ADP is saying that the deadline is April 15th and refuses to action the withdrawal. The IRS publication on this matter states April 15th, but we weren't sure if there was any latitude for interpretation since many similar issues seem to be tied not to the specific April 15th date, but to the tax filing date.
If we already missed the window for which we can do the reversal, then I guess we'll have to keep the excess contribution in the account and pay tax again in the year we receive the distribution as per normal with all the other funds that are in the 401K account?
