Due to whatever reason I’ve not filed my 2022 tax yet.
But in 2023 I contributed to SEP IRA and then immediately rolled the money to a 401k.
Now when preparing 2022 tax I found that my contribution was more than allowed.
How do I solve this problem quickly?
I want to withdraw but it’s so late and fund already rolled over (no fund in Sep account)
since I don't have bussiness income for 2023, I am not eligible for 2023 contribution, the whole amount is treated as 2022 contribution.
how can I solve this problem?
i can pay a fine. Just want to get over it.
or can I simply ignore it? I contributed 16k, max I should contributed is 14k and change based on TT calculation.
