I accidentally over-contributed to both my 401K and HSA in 2018.
I contacted my 401k and HSA providers and have filled out the forms to withdraw the excess contributions now in 2019.
What do I need to put on my 2018 taxes, if anything, to resolve the over-contributions?
TurboTax was telling me to fill out information as though I had received a 1099-R; however, I don't and won't have all of this information this year. I keep getting errors at the end when the check is running. I was confused about the correct way to handle these overages.
Also, does the withdrawal request or the actual money withdrawal have to occur before the tax deadline?
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Have you entered your HSA information into TurboTax enough so that TurboTax told you what your excess contributions were? If not, you may have withdrawn the wrong amount.
The way this is supposed to work for HSAs is this:
If you withdrew a different amount than what TurboTax tells you is the excess amount, then you have a messy situation. Please see this link for hints on how to deal with this - https://ttlc.intuit.com/replies/7359362
For the 401(k) overcontribution, the process is somewhat similar, but you should see this TurboTax FAQ before doing anything - https://ttlc.intuit.com/replies/7327357
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