It says I have an excess contribution to a self employed retirement plan but it doesn't tell me what the excess is so I can withdraw it. Where would I find that?

posted

The maximum contribution to a SEP retirement plan is 25% of your net self-employed earnings up to $69,000. You will need to figure out what 25% of your net earnings is and see if the amount you contributed is greater than that. If it is the amount that is greater is the excess contribution.

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In 2022 I used the TurboTax download to prepare my tax return and that was the first year I had Qualified Charitable Contribution (QCD) as part of my IRA RMD. I got an IRS Notice: CP2000 about that return stating that "We couldn't identify the retire...

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It says I have an excess contribution to a self employed retirement plan but it doesn't tell me what the excess is so I can withdraw it. Where would I find that?

It says I have an excess contribution to a self employed retirement plan but it doesn't tell me what the excess is so I can withdraw it. Where would I find that?

It says I have an excess contribution to a self employed retirement plan but it doesn't tell me what the excess is so I can withdraw it. Where would I find that?

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It says I have an excess contribution to a self employed retirement plan but it doesn't tell me what the excess is so I can withdraw it. Where would I find that?

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It says I have an excess contribution to a self employed retirement plan but it doesn't tell me what the excess is so I can withdraw it. Where would I find that?

It says I have an excess contribution to a self employed retirement plan but it doesn't tell me what the excess is so I can withdraw it. Where would I find that?

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