Santo Gold Posted January 8, 2009 Share Posted January 8, 2009 I'm still getting more details on this, but a SEP plan was overfunded for 2008. Is the correction of this problem the same as with a qualified plan? Take out the excess, pay a 10% tax, file a 5330? Thanks Link to comment Share on other sites More sharing options...
Gary Lesser Posted January 12, 2009 Share Posted January 12, 2009 No. Different rules apply. Specifically, what limits were exceeded? With details. Link to comment Share on other sites More sharing options...
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