They need to have the excess return BY 04/15/26. then there are two associated items. First I create a 1099-R from the 2nd employer and put in Code 8. This will transfer the amount to Wages worksheet and add it back to the wage line on the 1040. Second, next year the investment house will send a 1099-R for the return of the earnings on the excess. This would be a 2026 transaction.