ThoengB88
New Member

I opened and contributed solo 401k in Dec 2024. But my business was at loss. I am requesting Excess Contribution Removal from my brokerage.

How to report in TurboTax, if needed, the excess contribution in Dec 2024 and the Excess Contribution Removal (Distribution?) that would probably be completed March 2025? Do I need to submit any forms to IRS? I am a sole-proprietor 1099. Thanks in advance!