Hi I have a scorp and w2 myself with a solok. the employer solok contribution portion was over contributed by $5278.29 on 12/16/24. My under standing is I need to do a withdraw before 4/15 and claim the earning for 2024 on the scorp. a few questions
1. how do i calc the excess deferral earnings that need withdrawn? funds were put into a money market account and those rates are variable
2. do i need to file a 5330 form
3. any other filings required
4. any other steps to remedy this error
thx
