401k Reversal

System
System Member admin
edited January 31 in Registers & Transactions (Windows)

This discussion was created from comments split from:

401k Reversal

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  • douglascherry
    douglascherry Member ✭✭

    I have a similar problem but cannot solve it that way. In my case, the end of year true up, resulted in Safe Harbor and employer matches being taken out. Fidelity shows those as Negative Contributions and Adjustments which don't seem to work when they auto downloaded to quicken. How should I enter those transactions and where do I show the cash going since it went back to the company not to me.

  • Quicken Kristina
    Quicken Kristina Quicken Windows Subscription Moderator mod

    Hello @douglascherry,

    Thank you for reaching out! To clarify, these are matching contributions from earlier that were taken back by the company/employer? How did the negative contributions and adjustments from Fidelity download into Quicken? Are there any tax implications which Quicken would need to correctly reflect?

    I look forward to your reply!

    Quicken Kristina

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  • douglascherry
    douglascherry Member ✭✭

    This first snip is how they came into Quicken:

    image.png

    This next snip is how they appear in Fidelity (copied into Excel first):

    image.png

    There are no tax implications because Safe Harbor and Employer Matches so the excess funds go back to the company and not to me.

    Thank you

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