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?

Forum|Forum|7 years ago
June 7, 2019
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TurboTax Deluxe Online

Best answer by RachelW33

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.

RachelW33

Answer

Alumni - Expert

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.

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ekamsingh27

Level 2

@robbinsd13 Thanks!
I printed my return to file through mail. Prior to this I filled 1099-R form but in the printout, i don't see any entry referring to the amount i filled in 1099-R. Where can i find that entry on 1040 form? Or does that mean 1099-R amount is already known to IRS implying that they know I withdrew the money already?