Hi, I made an excess contribution of $600 to due to a typo when entering my previous contributions when transitioning to my new employer. At my new employer, I've contributed more than $600 in Roth and the rest in pre-tax since I decided I would prefer pre-tax.
Since I've contributed to both Roth and pre-tax, I have a few questions:
1. Can I select to do an excess distribution of $600 and any earnings from just my Roth contributions?
2. Since Roth is after-tax, I assume I won't need to have my employer make any adjustments to my W2. Is this correct? If so, am I able to directly tell my plan administrator (Fidelity) and have them do the excess distribution, or should I be asking my employer this? I haven't told my employer yet because they've made some big hiccups in the past, and I'm afraid they won't understand that I want to do an excess distribution from my Roth and not my pre-tax, so I would prefer to work with Fidelity directly if possible.
3. Do I need to enter any information into TurboTax when I do my taxes next year? I will do the excess distribution this year to get it over with and avoid going into the next calendar year, and most likely I will not have any earnings by the time the excess distribution is done with the way the current market is.
