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Refund of Deferrals Made on $0 Compensation -- Which Distribution Code to Use?
BenefitsLink Message BoardsLink to more items from this source
June 18, 2021

"An owner of a sole proprietorship made deferrals from compensation. However, the owner also had losses and the net compensation for the year was $0. How would you distribute the excess? Would it be using code '8' (assuming the deferrals were pre-tax)?"

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