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New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

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? 

11 Replies
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New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

https://ttlc.intuit.com/questions/4698409-excess-401-k-contribution-preventing-e-file

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.

Highlighted
New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

You don’t change the W2, so you will just have to file by mail.
Highlighted
New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

Turbotax messed me over on this too.  Thousands of people switch jobs and get excess contributions.  This is common stuff and shouldn't force anyone to paper file.  I spent four hours today trying to figure this out.  I had already paid $50 to e-file in two states -- money lost now that I'm forced to paper file.  
New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

That's a ridiculous bug by Turbotax!
Highlighted
New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

I agree, they should warn you but let you efile.
Highlighted
New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

Last question on this, in the turbo tax instructions on how to fill out the 2019 1099-R in 2018 tax forms*,  it says to use Code P?  Wouldn't Code 8 be more appropriate?     


*  Report the excess deferral on your 2018 return in the Income section for Retirement Plans and Social Security whether or not you received a Form 1099-R before you file your return. Enter as much information as you can. Report the excess deferral amount in boxes 1 and 2a, and use code P in box 7. Indicate that this is a 2019 Form 1099-R.
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New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

I think the codes are confusing, maybe they didn’t update the year for code P, but it worked once I answered the calendar year question. You can always enter it to see what it does and delete and start over.
I filled it in how my 1099-R was with a “P” and then TurboTax asked what calendar year, which mine was 2019. I knew it worked because it decreased my refund (since my taxable income increased).
The earnings on my distribution has a separate 1099-R and that one had a code 8, for calendar year 2019. This one did not change my taxable income and I’ll have to input it next year.

Note: I overcontributed to 401k for 2018, but the amount wasn’t taken out until this February (due date is by April 15th I believe). The 1099-R forms say 2019 since that was when it was distributed. The over contribution is taxable in 2018 but the earnings not until 2019.
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New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

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.”

https://ttlc.intuit.com/questions/4698409-excess-401-k-contribution-preventing-e-file

This issue is scheduled to be fixed in an update that is currently planned to be released on 4/5/2019.

Please click here to receive email notifications when any updates related to this issue become available.


Highlighted
New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

Thanks, they are cutting it a little close.  But glad I procrastinated on actually doing the paper filing.  We'll see what happens.  
Highlighted
New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

OK, so an update came out yesterday 04/04 and still getting the same problem with efiling.  Let's go Turbo Tax!
Highlighted
New Member

401k over-contribute $681. I follow T_Tax instruct, withdrew xcess funds & listed $681 in1099-R. Still can't e-file because 1040A line 12b > 18,500 generates errors.

"Additional interview screens have been added to make the process of correcting excess contributions easier and less confusing.

Unfortunately,  customers who had excess 401(k) contributions withheld will need to paper-file, even after taking the corrective steps."


So basically your promise of  a fix for e-filing was BS, thanks Turbo Tax!   How about refunding the cost of the e-filing from my original purchase?