Hello,
I have over contributed towards my 401K for 2024
The over contribution was by $1024. There was investment losses of $30.19
I have received a check from my 401k Plan Empower in the amount of $993.81 ($1024 - 30.19)
How do i report this on TT premier MAC download
I was reviewing in 1099 R page it is asking for
Payer Name and address - What should i enter in these fields
What code should i chose in box7
How and where do i enter the loss of $30.19?
do i enter this as negative number?
I really appreciate step by step directions on entering these and what needs to be entered and if there is note to be added that this is a 401k excess contribution for year 2024
