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?
Announcement
Collapse
No announcement yet.
Return of overfunded SEP
Collapse
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.