- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks for your information.
I was reading Schwab letter about $5k excess contribution and they mentioned they will issue 1099-R with tax code E (Distribution under Employee Plans Compliance Resolution System).
Does it mean this excess is considered employee plans excess and due for double taxation ?
Is there anyway recommendation to avoid double taxation ?
‎November 6, 2022
6:51 PM