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Retirement tax questions
Thank you for your reply, but I still have a question. The excess deferral was reported on our 2021 taxes and included in our wages. The excess was removed on 2/15/2022 (before the April deadline). But now when I enter the 1099-R for 2022 it is showing the distribution as Other Earned income. So it seems like we are being taxed on this amount twice, both in 2021 and 2022.
‎February 2, 2023
9:19 AM