I believe you may have to amend your 2001 tax return depending on what the 1099 that you will receive early next year shows. Most likely your distributions represents excess contributions plus earnings on the contribution. The contribution is added to wages (line 7 form 1040)on the return for the year in which the contribution was made. Any earnings are taxed in the year you receive the excess contribution distribution (2002). Your 1099 should be be coded to let you know what the distribution represents. If you want to find out now, I'd call the plan administrator for a heads up on how it will be shown.
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