I over contributed to my 401k in 2015. When I did my taxes for 2015, I reported the over contribution on my 2015 return even though I did not have an official 1099-R at that point (early 2016).
Now that I am doing my taxes for 2016, I have received a form 1099-R from my brokerage for the over contribution amount for 2015. Turbotax is telling me I need to amend my 2015 return to account for the over contribution. Do I need to do this, or is the software just not recognizing the fact that I already accounted for this in the 2015 return? I did import my 2015 return before starting my 2016 return.
Thanks!
