Retirement tax questions

Talk to the 401(k) plan trustee about returning the excess plus any earnings.    They will issue a 1099-R showing the return that you will use to file your 2019 tax return.

 

For information see IRS Pub 525 page 10
https://www.irs.gov/pub/irs-pdf/p525.pdf

 

Note that this is a 2018 pub so it refers to the 2018 tax year - just adjust the years for 2019.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**