jiweihe1223
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I think you need to report it in miscellaneous income for 2021 tax return. There is a category for 401k excess contribution.
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I have a follow-up question. What will happen to the company's matched amount? Will it be returned as earnings or will it be forfeited or will it stay in the ac...
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Thank you so much! It is clear.Also thanks for the information about loss at the end. I suspect there will be a loss to the amount of excess contribution consid...
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Is this reply still applicable for tax return 2021?I over contributed to 401k in 2021 and am dealing with the same problem in TurboTax.Somehow TurboTax popup wi...
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- Posted Re: Exceeded 401k Contribution. What should I do? on Retirement tax questions. April 12, 2022 2:24 PM
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- Posted Re: Exceeded 401k Contribution. What should I do? on Retirement tax questions. March 12, 2022 8:48 PM