@imangoldasteh wrote:
@macuser_22
I am going to exactly use this method so my question is do I need to deduct the amount that I received (excess 401k) from w23 box 12? I just have original w2 can I deduct that amount from box 12 (401K) and keep box 1 the same and just use the method you mentioned to pay taxes?
You file the W-2 exactally as received. You cannot change the W-2 amounts since that reflects what actually happened. The 1099-R for the removal adds to back to your wages.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
