I'm still not sure which set of guidance to follow for Excessive Deferrals into 401K. We've received a check and deposited before April 15 for most of the Excess; I'm assuming the balance was a loss.
The program flags the excess deferral--whether I use the within-program guidance of entering excess deferral into Retirement Plans and Social Security and using code P in box 7 to indicate 2023 1099-R (even tho' I didn't receive one, yet) or whether I follow MinhT's Expert guidance and that of Turbo Tax elsewhere online and include the Excess Deferral amount under "Other Income" and cite 2022 Excess Deferral 401k.
Does it matter which of the two locations I enter the Excess Deferral, as long as it is reported as 2022 income?
