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Retirement tax questions
If you didn't use TurboTax to file your tax return, you can use TurboTax to prepare the amendment. However, you'll first have to enter your information into TurboTax to match what you filed the first time, then start the process of amending it. You will need to purchase the 2021 TurboTax software, please see TurboTax Download 2021. You might want to check with the CPA who filed your 2021 return if he will file the amended return free of charge, he should have noticed the excess deferral listed in box 12 of your W-2s.
Please be aware, since you did not take out the excess amount by April 15th, 2022, you are taxed twice on the excess deferral left in the plan. This happens once when you contribute it (with the steps provided by Tax Expert ThomasM125) and again when you receive it as a distribution. You can't include the excess amount in the cost of the contract even though you included it in your income.
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