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atruong74
New Member

I over-contributed to 401k. Fidelity is working on refund and 1099-R. I have added the excess to Misc Income. Can I file my 2018 return before I receive the refund?

Can I file my 2018 tax return even though Fidelity will not have my refund (of excess contribution) and the 1099-R? I have added the excess 2018 contribution to the Misc Income manually.  

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1 Reply
WillK
Intuit Alumni

I over-contributed to 401k. Fidelity is working on refund and 1099-R. I have added the excess to Misc Income. Can I file my 2018 return before I receive the refund?

Yes, you can file without receiving the refund. When you receive the refund and if it is different than what you reported you can file an amended return. . If you already filed your return you will need to wait to see if it was rejected or accepted. If they were rejected you are able to login to your return to fix what you need to fix and fix the errors that caused the rejection and refile the return. If your returns were accepted, then you will need to file an amended return. You should not try to amend your return until the original return it has been fully processed and you have received your refund or your payment has cleared.

Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  
Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.  If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here: https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 Click here for amending instructions: https://ttlc.intuit.com/replies/3288565

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