Harry200
Level 3
03-22-2023
07:07 PM
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Client with 2 jobs over-contributed to retirement plan(s). When the excess was repaid back to her, the FMV had gone down so the amount paid to her was less than the excess distribution. Fidelity advised to report that difference as a LOSS under other income. PTO won't allow a negative in that field. Is there another place to put it?
Thanks!
H Reiss
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