Thank you for the detailed solution.
I have a follow up question: I noticed the excess deferral (for TY 2022) before April 2023, and reported it to the plan administrator, including the amount of the excess deferral. The plan administrator gave me a distribution for a slightly lesser amount, due to "market fluctuations" (their words). For my 2022 taxes, when I follow your procedure to report the distribution, should I report the over contributed (higher) amount, or the actually received (lower) amount? Do I need to report the difference in some way? Also, when doing my 2023 taxes, should I claim the difference as a loss? Thank you!
