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I was told by my employer that I overfunded my 401k. I contributed 10000. But because of the make up of our small company and the contributions, I was only allowed to contribute 8600. My employer told me that I will get a check for 1400 back from the company that administers the 401k. He told me to enter this on my 2000 taxed as a pension distribution and that I would get a 1099-R but not until the end of 2000. Does this sound kosher that I would only get the 1099-r at the end of the year? Also can I still contribute 1900 to a simple IRA which I have through another job, to reach my limit of 10500 of tax deferred income?

Thanks for the help

Ben
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