ja2001
Returning Member

Retirement tax questions

Hello,

I changed jobs mid year in 2021 and contributed extra in the 2nd job. 

I followed up with the 401k administrator of the 2nd employer to get the refund for the full amount of excess. 

Two questions

1) How do I report this when filing taxes in 2022 ?

2) They also took away the company contribution, said "Forfeited". Is that right ? where does that money go ? to the company ? the 401K administrator keeps it ?. Shouldn't I not continue to have that portion in my account.

 

Thanks