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How to include 2018 401k excess contribution (withdrawn in 2019) in tax prep? I uploaded 1099 but turbotax calculations show excess contribution, asking me to review
I changed job during 2018 and my 401k plan was over contributed by $120 (total of $18,620). Per suggestion by the Turbotax software, I have withdrawn the excess contribution in 2019 and also received a 1099-R, which shows Box 7 code as P and Calendar year as 2019. I have uploaded this 1099-R to turbotax as well. However, during the Federal Review step of tax preparation, TurboTax is still asking me to review the data as the total contribution still shows as $18,620.
What steps should I take?
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‎June 4, 2019
3:55 PM