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satya1224
New Member

Excess contribution to 401k

Hi,

I have contributed $9500 excess (employer part) to solo 401k account. I have filed extension for my returns but I have already filed my return few days ago. My CPA said, taxes are paid on $9500. Can I let the amount remain in 401k account and consider that toward next year contribution? or What corrective action can I take?

 

Thank you in advance.

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