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DanaB27
Expert Alumni

Roth 401k Excess Contribution

If you do not take out the excess amount by April 15th, then you are taxed twice on the excess. You will have to include this amount in your taxable income when you take the distribution even though the contribution was from after-tax money. When you get Form 1099-R for the distribution it will have to report it as a taxable distribution.

 

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