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To: Tom Trader who wrote (39681)	4/15/1998 12:40:00 AM
From: Tom Trader	Read Replies (4) of 58727

A tax question for anyone in the know In early January 98, I received a not insignificant check from my 401K for excess contributions relating to an earlier year. Long story but it was not my fault and there is no penalty payable. The check was dated in late December and it was mailed on December 30. It was reported by the payor as income for 1997 through a 1099, though I received it in 1998. My question is whether I am required to report this as income in 1997 even though it was received in 1998. If there is anyone who is qualified to advise me regarding this, I'd welcome the assistance. I have sought the advice of two tax professionals and have received contradictory advice.

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