I pre-paid early 2022 federal and state estimated income taxes in 2021. Can I postpone the return of my 2022 individual 401K excess contribution until the stock-market returns to previous level to avoid losses from selling low, or must I withdraw the excess funds by April 1, 2023?
Most forum posts state that excess withdrawal for a previous year must be done before April 1 of the current year, but in my case I proactively paid the estimated income taxes in the previous year, and would continue to pay additional taxes in case of any gains.
For example, Can I delay the return of excess contribution until 2026 in case the stock market does not recover until then?
