Thank you!

If the excess deferrals are not corrected timely:

• The excess amount is taxable to you in the year you made the contributions.

That is the big question I have, how to report the excess distribution on the 2023 tax return if not timely?

The client is contacting the plan admin for the corrective distribution but that form won't appear until 2025. I would think that is a timely correction (if it happens) and I would file the return as is and then report the 2024 1099-R with the correction next year?

A corrected W-2 is not an option...that is a quote from the employer.

I will reseach the links once I get caught up. Thank you.