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Retirement tax questions
Hi,
Thanks for the information.
The excess deferral is for year 2022, was issued in Dec 2022 by the 401K provider and so does it mean the ($500) loss should be reported in 2023 earnings?
I also received another notification that they made a mistake in calculation and made another payment of $386 but this was in Jan 2023. Should I report this for year 2022? or Is this applicable only in 2023?
Thanks!
‎February 10, 2023
9:03 PM