I over-contributed in 2018 to two separate accounts: 401k and 457.
I received the checks from the 457 a while ago and will receive the one for the 401k in a week.
The company for the 457 (Nationwide) told me the returned amount that I over-contributed will need to be added to my 2019 income since it was returned to me in 2019. The earnings will be added to the 2019 total as well.
The 401k company (Fidelity) said the over-contributed amount will need to be added to my 2018 total since that is when I originally put it in. The earnings will be added to my 2019 income.
I have already filed my 2018 taxes and will most likely need to revise it if what Fidelity said is true.
Which company one is correct?
Will I need to file a 1040x? Is it difficult? What would I include?
Submitted March 24, 2019 at 07:03PM by fat-stanley https://ift.tt/2Cw8l8P
