In 2021 I worked for 2 different employers, A and B.
I maxed out my 401k at employer A.
Then I moved to employer B who offered a Roth 401k so I maxed out there as well.
I contacted employer A and had them process a return of excess contribution, which I received in 2021.
So, for 2021 I have a W2 from employer A and B both showing box 12 contributions of 26k. I also have a 2021 1099-R from employer A for the returned funds (with 10% withholding).
In following the Turbotax instructions I am taxed twice on this money, once by entering the 1099-R and once by entering the "extra" 26k into "Any Other Earned Income" per the TT instructions.
The question then is if Employer A should issue an amended W2 without the box 12 amount or if I should exclude the 26k from "Any Other Earned Income" in TT or if there is another solution. Thanks!