BulldogTom Posted January 17, 2009 Report Share Posted January 17, 2009 HCE (company vice president) has $1000 returned in 2008 from 2007 contributions because company testing limited his eligible contributions. I never did one of these before, but I think he has to ammend the 2007 return? Correct? Is there any way to make the adjustment on the 2008 return? Thanks for the help. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
Bob Hoffman Posted January 17, 2009 Report Share Posted January 17, 2009 Amend 2007. Been there, done that. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted January 17, 2009 Author Report Share Posted January 17, 2009 Thanks Bob. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
Tax Prep by Deb Posted January 18, 2009 Report Share Posted January 18, 2009 Same here, only in the year the distribution was returned he will also receive a 1099R that should be coded that the distribution was a return of investment for a prior year, this is very important because if not coded correctly one might assume that it is a taxable distribution. But obviously you knew that and that is why you were asking about ammending the 2007. Deb! Quote Link to comment Share on other sites More sharing options...
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