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Updated about 2 years ago on . Most recent reply

User Stats

28
Posts
3
Votes
Martingale Kim
3
Votes |
28
Posts

Over Contribution to 401k in previous year

Martingale Kim
Posted

I over contributed towards my 401k last year and I contacted my employer in December 2022, notifying them the fact.

They said they will give me the over contributed amount back and issued me a 1099-R for year 2023. but nothing on my 2022 tax reporting will change, including 401k statement or W2.

So will i get a penalty if I filed my 2022 tax based on the W2 which has over contributed 401k?

thanks

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