Re: Entering Return of Excess 401k Contribution without 1099 or W2c

Tyfosho · Mar 14, 2022 2:21:47 PM

Hi all, There are a few other threads about this topic, but none that seem to fit my same situation so I'm looking for some confirmation that I'm doing this correctly. I had two jobs in 2021 and accidentally over-contributed to my 401k. I submitted a ROE form to my employer who submitted it to Fidelity. This was processed and I received a check from Fidelity for my over-contribution amount and earnings. However, Fidelity will not be sending me a 1099-R until 2023. My employer will also not be sending me a W2c since the money came from Fidelity, not from them. Unfortunately, I'm seeing conflicting recommendations from TurboTax on how to handle this: A <A href="https://ttlc.intuit.com/community/earned-income-credit/help/what-if-i-have-a-401-k-excess-deferral/00/2269701" target="_blank">TurboTax Help Community post</A> tells me to add the excess return as "Other Income", but TurboTax help tells me that I should add a 2022 1099-R with the assumed numbers in boxes 1, 2, and 7, even though Fidelity hasn't generated this yet. <img src="https://ttlc.intuit.com/community/image/serverpage/image-id/28187i72ECBFEDA2F1542E/image-size/medium?v=v2&px=400" role="button" title="Screen Shot 2022-03-14 at 4.49.38 PM.png" alt="Screen Shot 2022-03-14 at 4.49.38 PM.png" /> Which of the two solutions above is correct?