John A Posted January 17, 2001 Posted January 17, 2001 If a corrective distribution is made for a calendar year plan year plan for excess contributions or excess aggregate contributions in the first 2 1/2 months after 12/31, the distribution is reported on the 2001 1099-R as taxable in 2000. If the particpant elected withholding on the distribution, does the participant get credit for this withholding on their 2000 1040 tax return, or not until the 2001 1040?
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