Thanks for your response.
"so the distribution of the elective deferral being returned would be reported on a 2020 Form 1099-R with code P, "
My concern is since the excess contribution amount is derived by combining 2 different 401K Plans , it will not show as excess under a single employers plan ( S corp individual 401k or new employers 401k). Once I take the excess $2100 amount out how will they know to code it as code 'P" on 1099-R which will come in 2020. I can show them the proof of money deposited in other plan , but I am not sure how will they handle it as code 'P' in this case?
I am concerned they may code it as regular distribution and I may get penalized for early retirement withdrawl.
Please suggest any input , that will be highly appreciated.
Thanks
Kevin
