# SD-IRA Options

**URL:** <https://discussion.mainstreetbusinesspodcast.com/t/sd-ira-options/206>\
**Category:** General Q & A\
**Created:** [December 21, 2022, 1:47pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/sd-ira-options/206 "2022-12-21T13:47:25Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![dbruce](https://avatars.discourse-cdn.com/v4/letter/d/8dc957/32.png) [@dbruce](https://discussion.mainstreetbusinesspodcast.com/u/dbruce)\
**Post date:** [December 21, 2022, 1:47pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/sd-ira-options/206/1 "2022-12-21T13:47:25Z")

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We are an S-Corp w/ a Solo 401k. After reviewing what the W-2 should be for 2022, I realized that I have over-contributed to my Solo-k. Projected W-2 = $40k, 2022 Contributions = $43k. Our conclusion is that the max contribution should be $37k for 2022.

Can I allocate the excess contribution to 2023?

If not, is there another option for correcting/reallocating w/o penalties?

Thank you - Dennis (a happy DirectedIRA client)

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**Author:** ![system](https://us1.discourse-cdn.com/flex046/uploads/msbpod_openforum/original/1X/42f4af5f452c22dd6feece9c5b47d6a5185fa706.png) [@system](https://discussion.mainstreetbusinesspodcast.com/u/system)\
**Post date:** [December 22, 2022, 7:26pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/sd-ira-options/206/2 "2022-12-22T19:26:32Z")

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Covered on our Year-end Open Forum Show on Dec 23. Please check it out for the answer to your question. Thank you! Mark and Mat.

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**Author:** ![dbruce](https://avatars.discourse-cdn.com/v4/letter/d/8dc957/32.png) [@dbruce](https://discussion.mainstreetbusinesspodcast.com/u/dbruce)\
**Post date:** [December 22, 2022, 11:51pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/sd-ira-options/206/3 "2022-12-22T23:51:26Z")

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Could you please send a link, I can’t find a Dec 23 show. Thanks

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**Author:** ![dbruce](https://avatars.discourse-cdn.com/v4/letter/d/8dc957/32.png) [@dbruce](https://discussion.mainstreetbusinesspodcast.com/u/dbruce)\
**Post date:** [December 23, 2022, 12:16am UTC](https://discussion.mainstreetbusinesspodcast.com/t/sd-ira-options/206/4 "2022-12-23T00:16:01Z")

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Please disregard - just saw the episode posted on YT - thanks

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**Author:** ![Dama](https://avatars.discourse-cdn.com/v4/letter/d/e9c0ed/32.png) [@Dama](https://discussion.mainstreetbusinesspodcast.com/u/Dama)\
**Post date:** [December 24, 2022, 8:37am UTC](https://discussion.mainstreetbusinesspodcast.com/t/sd-ira-options/206/5 "2022-12-24T08:37:27Z")

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If you are not allowed to work on any real estate that you purchase with your self-directed IRA, can’t collect the rent, upkeep… who does that? You are totally passive in this transaction and use a management company or the trust that controls the self-directed IRA does all this? Sorry if I misunderstood. We are very involved in all our rental properties and having difficulty visualizing who would go turn off the irrigation system that is leaking, etc.?