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New Member
posted Jun 4, 2019 8:39:52 PM

Excess 401k contribution is correctly showing up in line 7, but is not called out explicitly anywhere else.

Hi,

My wife made excess 401k contribution in 2018 due to job change. We got a refund for the excess amount in March'19. 

I followed the instructions in the below forum to report my excess 401k contribution. The correct amount is making its way through to line 1 and line 7, but it does not call out "Excess 401K Deferrals" in Schedule 1 or anywhere else. Is this fine?

I e-filed the tax returns. Should I file an amendment?

https://ttlc.intuit.com/questions/4416797-how-to-report-excess-2017-401-k-contributions-on-the-2017-tax-return-and-get-them-on-the-right-line-of-the-tax-return-i-e-wages-etc

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1 Best answer
Expert Alumni
Jun 4, 2019 8:39:53 PM

No, you do not need to file an Amendment.  

As long as your wife's excess 401(k) contribution was included on Line 1 of your Form 1040, there is nothing else you need to do.

There is no need to include a description next to line 1 as the IRS has all the information they need by matching your Form 1040 with your W2s.

2 Replies
Expert Alumni
Jun 4, 2019 8:39:53 PM

No, you do not need to file an Amendment.  

As long as your wife's excess 401(k) contribution was included on Line 1 of your Form 1040, there is nothing else you need to do.

There is no need to include a description next to line 1 as the IRS has all the information they need by matching your Form 1040 with your W2s.

New Member
Jun 4, 2019 8:39:54 PM