@jlee3 wrote:
I'm in a similar situation.
I had 2018 Excess 401K Deferrals of $845 (original contribution) and I reported this under "other earned income" per TurboTax 2018 instructions and noted "2018 Excess 401K Deferrals"
Early 2019, I received check for $766.26 due to loss.
Recently I received 2019 1099R with code P for $766.26 (1 & 2a). Since I already reported it in 2018, do I have to include it on my 2019 tax filing? Thanks!
No. You would only report a code 8 2019 1099-R on the 2019 tax return. If you already reported the code P in 2018 there is nothing more to do.
**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.**
