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ROTH 401k excess contribution
Over contributed to ROTH 401k last year by around $1,000 but the excess was taken out before 4/15. On my 1099R, it's showed a TAXABLE AMOUNT (box 2a) of around 50% of that with distribution code (box 7) of B8. some ppl advised me that this needs to be reported as OTHER EARNED INCOME, is that correct?
thanks for the guidance
‎April 15, 2024
1:38 PM