dmertz
Level 15

Retirement tax questions

Assuming that the corrective distribution was made in 2024, there is nothing to report about it on your 2023 tax return.  Contributions to the designated Roth account were not excluded from the amount in box 1 of your W-2 , so there is no income to be added back as there would be if the distribution was instead to correct an elective deferral to the traditional account .  The taxable gains distributed in 2024 will be taxable on your 2024 tax return by entering the 2024 Form 1099-R that you will receive near the end of January 2025.