Hi jdpas29,
Get your bike up on the center stand on a level surface. Start your bike's motor and let it warm up a little - - - - a 1 minute run should be good enough. Stop the engine, pull the cap on the oil tank, wipe the dipstick clean with a rag.
I only know that on my '74 750 K4, I am supposed to check the oil level by letting the cap sit on top of the neck; not by "screwing" it in to its final rest position. Now, check the oil residue marks in regards to the low and totally full marks.
If low, add oil judiciously; if over filled, bail out oil with a bucket.........

P.S. I have been told that an over full oil tank will cause oil to bypass a bad "O" ring at the tachometer engine mount position.
~ ~ ~ jaknight ~ ~ ~