- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Return of 401K Contributiion
Through my employer's 401K Plan I contributed more than allowed so they had to return a portion of my 2019 401K contribution. I received a 1099R with the amounts filled in for both Box 1 (Gross distribution) and Box 2a (Taxable amount) plus Box 4 (Tax withheld). Also in Box 7, Code 8 was entered (Return of contribution taxable in 2019). I entered all these amounts in Turbo Tax in the 1099R Entries section along with other 1099R I have. However the amount for this 401K return is not included on Line 4b of Form 2010-SR where the other 1099R amounts are totaled. Is this correct? Should the returned 401K amount be included in Line 4b? If so then there appears to be a bug in Turbo Tax.
Topics:
‎April 4, 2020
9:35 AM