Hi,
End of 2021 I received corrected 1099-R that I did over contribute into 401K at 2020. At that time I was. with different employer and I rolled over my older 401k [Over contributed] to new employer's one. I filed that amount at 1099-R as taxable income for 2021. Them I noticed I need to work with new employer 401K to refund that excess amount. After a long discussion, they [New employer] processed it and refunded money base don their calcualtion and issued new 1099-R for 2022. But, the taxable income at 1099-R was less that what I did enter in 2021 [The reason was stock market fluctuations] and also they deducted taxes, then the check I did received had taxable amount as income with already federal and state tax deducted. Now, wondering how I can claim credit for excess payment I did in 2021 as it is bigger than what I have received in 2022.
Appreciate if anyone can help me.
