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Reporting excess salary deferrals (excess 401k contributions) returned to you after the end of the tax year but by April 15th of the following tax year on your 1040. Do not create your own 1099-R for this situation.
Page 10 of IRS Pub
525 under Excess deferrals (the IRS term for 401K contribution is deferral)
tells us to include the excess deferrals as income on line 7 of Form 1040 if
the money was returned after the end of the tax year but by April 15th of the
following tax year. You need to report only the excess contribution, not
any money generated by the investment of the excess contribution. What
you earned will be covered by a 1099-R for the following tax year and will be
entered then as a normal 1099-R.
Below is how to do this in TurboTax:
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