Thanks so much. Any recommendations on how to enter the excess on TurboTax? There are discussions that there are 2 ways to enter-1. Create a form 1099-R and ent...
Not confused. I’m talking about 401k. Here is an article from a Tax attorney talking about it—Skip to the section in the middle “Avoid the Tax on Excess 401(k) ...
Sorry for the confusion. I’m talking about excess contribution on the 401k. By brokerage I meant Fidelity. There are plenty of online articles that mention 6% p...
I’m in the same situation. My brokerage refused to process any excess since it’s past April 15. I have over $2200 in excess. Researching the potential tax conse...
