Return of overfunded SEP

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  • Kram BergGold
    Senior Member
    • Jun 2006
    • 2112

    #1

    Return of overfunded SEP

    My client overfunded her SEP. In early 2008 she deposted $8,000 for 2009 and now can only do $5,000. Say the loss applicable to the $2,000 was $500 Does the company that had the funds return $2,000 or $1,500. If the latter, what if anything do with the loss?
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