What tax forms should I fill for a return on excess contribution to my 401k? Should I report in “Miscellaneous Income section or Retirement Plans and Social Security”?

[nipunreddy]

My provider said I will get the 1099-R in Jan 2019, so I’m little confused on which form should I fill?

[MaryK1 · Accepted solution]

Yes, see below on how to enter, it applies to 2017 as well.

https://ttlc.intuit.com/replies/6064910

[jayeshgoyal]

This answer is different from the one recommended on the software itself which says we should file under Retirement Income section even if there is no 1099-R.

[turboscott231]

Agree w jayeshgoyal...software says to "4. 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." IRS Pub 525 says to include as "other income".  Which is correct?

[k6zz]

Agree.  I have the same question.  Conflciting guidance