Hi everyone,
I’m under 50 and realized I overcontributed to my 401(k) in 2025 after switching jobs early in the year.
W-2 #1
- 401k (code D): $5,749.98
- Roth 401k (code AA): $2,112
W-2 #2
- 401k (code D): $17,249.94
Total contributions: $25,112
2025 limit: $23,500
Excess: $1,612
I’ve already contacted my current plan administrator (BPAS) to request a corrective distribution of the $1,612 plus earnings before April 15, 2026.
My question is about filing my 2025 taxes right now.
Since I haven’t received a corrective 1099-R yet, should I:
- Enter a placeholder 1099-R with code 8 for $1,612 so it’s taxed in 2025?
- Or wait and amend later once the real 1099-R is issued?
- Or just report the excess another way (“other income”)?
I’ve already entered both W-2s exactly as shown and did not adjust Box 12.