It won't let me e-file with 1040A line 12b being over $18,500. Now that excess contribution ($681) amount has been distributed by plan admin. and listed as a 1099-R, is it OK to reduce the 401k contribution line on my W-2 by $681?
My employer said they are not sending out a corrected W-2.
Or do I need to keep the W-2 as is and will be forced to file by mail?
At the bottom of this post, it says “Solution: Unfortunately at this time, customer with an excess contribution will need to print and mail, despite following the Steps to Take to Remove an Excess Salary Deferral as listed above.” I was surprised to see this because I was able to efile last year with the 401k over the max.
I saw an update on this issue.
“TurboTax is aware of the e-filing issue that you are having and is currently working on a solution. An update to fix the issue is expected to be released around 4/5/2019.
Be sure to sign up for updates to be alerted as soon as there is a solution. If you do not want to wait for an update, you have the option to paper file your tax returns as this is only an e-filing issue.”
This issue is scheduled to be fixed in an update that is currently planned to be released on 4/5/2019.
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