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Excess deferrals 401k of $2,813 in 2017. $1,227 in Roth. Do I enter the entire $2,813 as other income earned in 2017 or only $1,586 since the Roth was already taxed?
I switched jobs and over contributed my 401k between the two.
I am trying to withdraw the excess deferral from my current plan. I have $1,227 in Roth and more than enough in the pre-tax to cover to balance.
I know the Roth has to be withdrawn first. My question is what amount do I include as other miscellaneous income? The entire $2,813 or just $1,586 because the $1,227 was already taxed as a roth contribution?
I want to get this fixed ahead of the tax deadline to avoid the double taxation. Thanks!
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‎June 3, 2019
11:12 AM