1.  Taxpayer is Self-employed (1040-Sch. C) with no employees.

2.  Total contribution 2024 = $4,623.05

3.  2024 allowable deduction computed = $2,653

4.  Excess   = $1,970.05 How does this amount get treated on the 2024 or 2025 return and how ?

5. What line or lines on Form 5330 do I need to fill-out?

Thank you in advance