457(b) Plan Excess Contribution

[peterlkim11]

I know this has been addressed in prior questions but I am getting mixed answers.

In 2025, I changed jobs and inadvertently made an extra $2,200 contribution into my 457(b) plan. I already corrected the matter by requesting and receiving the $2,200 from the plan before the April 15 deadline.

My question is this: which option do I use to report this untaxed $2,200? 

I did the "Other earned income" option as shown below:

Can anyone confirm if this is right? It's on line "h"/"Other earned income" of the first page of the 1040 form, but it's not on any other schedule.

Thanks in advance for your assistance.

[MarilynG1]

You should get a W-2 from either the Plan Administrator or your employer to report the Excess Contribution to your 457b in TurboTax, depending on whether your plan was governmental or non-governmental.

You can add the excess amount received under the 'earned income not reported on W-2 or 1099' heading.  Enter the description as "2024 Excess 457(b) Deferrals" and input the amount. You may get a W-2 (non-governmental) or 1099-R (governmental) later, reporting any earnings. 

Here's more info on Excess Contributions for 457b Plans.

@peterlkim11 

[peterlkim11]

Thank you but I'm still confused.

My employer will not issue me a corrected W-2 because the excess contribution came directly from the 457(b) plan administrator. I called the plan administrator and they told me that I would get the 1099-R next year for the little earnings I made. 

It asks me to check the code that applies to me but none of them do so what do I do? (see below)