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Retirement tax questions
Similar situation here. I changed a job in 2021 and ended up excess Roth 401k contributions. Both providers refused to distribute the excess deferrals since it was passed 4/15/2022 when I requested. I understand from this discussion thread that I can 1) leave the excess there and pay tax when I withdraw after I retirement. 2) Take an early withdraw from the first company (since I no longer work there anymore) and pay 10% early withdraw penalty in 2022 and done with it. But what should I do for 2021 tax? There is no Miscellaneous Income to report since it was Roth 401K. Do I need to report the (unrealized) gain or loses, but where can I get that number from?
‎August 1, 2022
1:23 PM