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How far away from the existing anchor is the face of the steel post?
how far above the top of the plate is the top of the wood floor?
Does this plate extend out on the other side, too? With another anchor bolt?
I will say this. You can't cut off the plate without doing an analysis to see if it checks out. I could do the analysis as a premium service, but I would need some additional information.
Here is what I would need:
The size of the plate (L, W, thickness)
The size of the post
The load on the post (or enough information for me to calculate that)
What exactly the plate and post are sitting on.
That information will allow me to check if you can cut that portion of the plate away.
I will submit the premium service offer for you to consider. If you accept the offer, I will need about 3-4 hours after you provide all the information needed.