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How to account for loss attributable to excess deferrals on 401K? I lost money due to market and was faced a loss of $500.
I made an excess investment of $10K on 401K due to multiple jobs. I have received a 1099R reporting the amount returned to me. However, I lost $500 due to the market scenarios. How do I report this as well as 1099R doesn't have this?
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‎February 4, 2023
2:27 PM