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Retirement tax questions
Thank you for your reply.
I did a thorough review of my 401K account for 2019 and 2020 and I have contributed within the IRS individual allowed limit and there was no employer contribution either.
I did have some gain on my contribution through the fund I invested in.
By analysing all these numbers, I am still not able to understand how can my account fail the non-discrimination testing when contribution was not over the limit.
Just wondering if I am missing something or the bank made a mistake before I make any kind of adjustment in turbo tax? Any pointer will be helpful.
Thank you.
‎April 10, 2021
2:19 PM