2024 ROTH 401k excessive contribution

[taxnoob10]

I have over contributed $1381 to my ROTH 401k for 2024 due to changing jobs.   I contacted the plan administrator and they executed a plan withdrawal and sent me a check for $1378 ($3 net loss) in March 2025.  Plan administrator also stated that I would receive a 1099-R for this distribution in January 2026.   How do I go about reporting this in TT premier for 2024 return?   I have read posts about reporting this as other income, but not sure that is correct in my situation with after tax dollars funding Roth.  Would appreciate guidance.

Thanks.

[DanaB27]

You do not need to add excess deferral to your 2024 wages because this excess was made to a Roth 401(k). 

Your loss will be reported next year on the 2025 tax return:

1. Click "Federal" from the left side of your screen
2. Scroll down to "Less Common Income" and click "Show More"
3. Scroll down to "Miscellaneous Income, 1099-A, 1099-C" and click "Start"
4. Select "Other reportable income" and click "Start"
5. Answer "Yes" to "Any Other Taxable Income?"
6. Enter "Loss on Excess Deferral Distribution” and enter the loss as a negative number (-$3)

Please see Pub 525 for additional information.