DanaB27
Expert Alumni

Retirement tax questions

You must include the excess deferral in your wages in the year the excess deferral happened. Check line 1h of your 2022 Form 1040 if you reported the excess deferral on your 2022 return. If not then you will have to amend your 2022 return and enter the 2023 Form 1099-R code P.

 

Please see Pub 525 for additional information.

 

@Aminy 

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