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New Member

How to report over contribution in 401K for 2017 on 2017 tax return without a 1099R

 
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Level 3

How to report over contribution in 401K for 2017 on 2017 tax return without a 1099R

You can report the excess contribution to your 401K on line 7 of your 2017 Tax Return without a Form 1099-R by following these steps: 

  • Click on the "Federal Taxes" Tab
  • Click on the "Wages & Income" Tab
  • Click on "I'll choose what I work on"
  • Scroll down to "Less Common Income"
  • Select "Miscellaneous Income" and click Start or Update
  • Select "Other income not already reported on a Form W-2 or Form 1099" and click on Start
  • Answer the Question "Did you receive any other wages?  Yes
  • Click through the questions until you get to "Any Other Earned Income"
  • Answer Yes to "Did you earn any other wages?
  • Indicate "Other" as Source of Other Earned Income and click Continue
  • For the description enter "2017 Excess 401K Deferrals" and click on Done

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4 Replies
Level 3

How to report over contribution in 401K for 2017 on 2017 tax return without a 1099R

You can report the excess contribution to your 401K on line 7 of your 2017 Tax Return without a Form 1099-R by following these steps: 

  • Click on the "Federal Taxes" Tab
  • Click on the "Wages & Income" Tab
  • Click on "I'll choose what I work on"
  • Scroll down to "Less Common Income"
  • Select "Miscellaneous Income" and click Start or Update
  • Select "Other income not already reported on a Form W-2 or Form 1099" and click on Start
  • Answer the Question "Did you receive any other wages?  Yes
  • Click through the questions until you get to "Any Other Earned Income"
  • Answer Yes to "Did you earn any other wages?
  • Indicate "Other" as Source of Other Earned Income and click Continue
  • For the description enter "2017 Excess 401K Deferrals" and click on Done

View solution in original post

New Member

How to report over contribution in 401K for 2017 on 2017 tax return without a 1099R

Despite your instructions, my return still doesn't pass Review and I can't e-file as a result.  
New Member

How to report over contribution in 401K for 2017 on 2017 tax return without a 1099R

Seems we cannot efile for Federal Tax refund, but can we still e-file for State Tax reporting (Ex: NY)? It is not clear either.
Level 15

How to report over contribution in 401K for 2017 on 2017 tax return without a 1099R

(This is a year old post but for 2018)

This is currently being investigated by TurboTax, but in the meantime:

You should NOT change any W-2 information. The IRS gets a copy from the employer and what you report must match. In addition if the W-2 box 1 amount is less the the box 3 amount the difference must be accounted for in box 12 - if not, that could be a "red-flag" audit trigger.

TurboTax has released a FAQ on this issue - the workaround answer is to print and mail the return.
Excess 401(k) Contribution Preventing e-File

https://ttlc.intuit.com/replies/7327357