I have a relating question: I have excess 2022 SOLO 401K contributions that I will file in my 2023 tax return. I have to submit an Individual 401(k) Distribution Request Form to my brokerage by the 2022 tax deadline. The form asks to list the earnings of the excess deferral amount.
- What is the calculation for earnings?
- Would the calculation be similar to or identical to the calculation used for the Earnings Calculation for Returned or Recharacterized IRA Contributions listed here: https://www.irs.gov/pub/irs-drop/n-00-39.pdf?
