@MarilynG1
thank you for your response. The story is that I contributed $26021 (I'm 65) to both an employee sponsored 401k and 457b plan ($52,042 total) in 2022. All deductions were taken pre-tax. On my 2022 W2, those amounts are listed in box 12 (a and b), using the codes "G" and "D".
I reported the overcontibution ($44 total from both plans) to my plan administrator in Jan 2023, and I was sent checks for the principal and interest ($1.21 per account). I did not receive a 1099-R from the plan (yet). I followed the directions on TT and manually entered $45.70 into a 1099R in box 1, 2A, 3, using the code "P" for box 7 of the form. TT reports that I had an overpayment of $21.64 on my 401k account, but doesn't mention the overpayment of $21.64 on my 457b account.
My question is, did enter everything correctly into the 1099R? Why isn't TT accounting for the 457 overpayment? Thank you for your assistance.
