FangxiaL
Expert Alumni

Retirement tax questions

You can enter the return of excess 401(k) deferrals in the Less Common Income section:

  1. Open or continue with your return
  2. Click on Show more next to Less Common Income in the Income & Expenses section
  3. Click on Start/Revisit next to Miscellaneous Income, 1099-A, 1099-C
  4. Click on Start/Revisit next to Other income not already reported on a Form W-2 or Form 1099
  5. Select Yes on the next screen and Continue
  6. Skip to the screen that says Any Other Earned Income, select Yes
  7. On the next screen Enter Source of Other Earned Income, select Other
  8. Enter "Excess 401(k) Deferrals" as a description and enter the amount that was returned to you. See the screenshot below:

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