I over-contributed to my 401k in 2018 by $3,839 & contacted Fidelity to get my excess contribution back. I got $3,886 back. What # do I report for excess salary deferral?

[Rachel_W · Accepted solution]

You need to report $3,839 for your excess salary deferral for 2018.

You will receive a Form 1099-R with Code "8" in Box 7 for the earnings of $47.  If you withdrew the excess in 2019, this will go on your 2019 Tax Return. 

[beanmeister]

@ens087 Have you e-filed yet?  I am on the latest version as of April 6, 2019 and there is a bug that will not let you e-file if you have excess deferrals on the W2 summary form.

[beanmeister]

Deleted duplicate posting.

[johnathan-ting]

I am also trying to e-file and it won't let me.  Received an email on 4/5/2019 from Intuit indicating that the bug was fixed, but it is not.

[401kDeferral]

same issue for me. Everyone is being told this is fixed for TT-online users and it's still broken as of 4/6/2019

[stmempho]

Same for me!  I’m trying to e-file and cannot because I keep getting the error message that I’m over the $18,500 limit.  Aggravating that I can’t get my taxes done.

[ekamsingh27]

Same issue with me

[nw82734]

same problem!

[adamgordon2002]

I also have the same problem.

[kristenchung]

Same here.  Where do you go to print out the paper forms on TurboTax.com in case paper filing is the only option?

[JoJoMat]

Is there an ETA of when this will get resolved?

[jayeshgoyal]

same problem for me. Also, since I have reported the excess deferral as income (excess deferral withdrawn before 4/15), does that mean I can manually adjust the W2 and show only 18500 deferred

[Harayden]

I've been on the phone with customer support of an hour now. They don't know how to fix this.

[Harayden]

And btw, I wouldn't just print the forms and file by mail as there might be issues with the forms themselves if the SW if defective. I wouldn't trust the forms at this point until Intuit fix their mess.