I work multiple jobs and didn't keep track closely enough and ended up contributing like ~2k more than the limit in 2025 for 401k contributions. Since taxes are due in 1 day, I'm assuming it's too late to ask for a distribution so I'm not sure what to do now. I read through…
I overcontributed to my ROTH IRA by $750 and have recharacterized it. Prior to this, I did not have a traditional IRA. Going through FreeTaxUSA to file my taxes, it is continually warning me that I've overcontributed. The only way to get rid of the warning is to answer $0 for my traditional IRA contributions. I want to…
I switched job in 2025 and crossed annual Roth 401k contribution limit in total. I removed excess amount from Roth 401k in 2026 before April deadline. However 401k provider said I will receive 1099-R in 2027. Because it is Roth my original contribution is already taxed however as per IRS I need to pay tax on earning and…
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