In 2018 I contributed to 401(k) plans with two different employers after a job change. Upon doing my 2018 tax returns in early 2019 I found that I had inadvertently exceeded my 2018 maximum contributions to the two plans on a combined basis. I therefore requested a $1,884 distribution of excess contributions from one of the plans. Of note:
- I received the distribution prior to the 2018 return due date of 4/15/19.
- I included the amount of the excess contribution distribution on my 2018 tax return.
In February 2020 I received a 2019 Form 1099-R from the plan I had received the distribution from. The distribution code in box 7 was “8” ((Excess contribution plus earnings/excess deferrals (and/or earnings) taxable this year) instead of code “P” (Excess contribution plus earning/excess deferrals (and/or earnings) taxable last year). The trust staff/administrator has refused to issue a corrected 1099-R with the correct code “P” even though I pointed out that I notified them of the circumstances and that it was related to 2018.
Question: How should I handle this in my 2019 tax return in Turbotax given that I have already appropriately included the distribution in my 2018 income tax return?
