dmertz
Level 15

Retirement tax questions

As I understand your question, you have a total of $2,813 in excess elective deferrals and Roth contributions to 401(k)s combined, and that it is your intent to obtain a return of excess contribution of $1,227 from the Roth account and $1,586 from the traditional account.  In this case, only the $1,586 should be added to income.

View solution in original post