As stated in the previous reply, the specific 401k rules need to be reviewed before you can truly know how and what will be taxed. But the simple answer is that you will not be taxed on the 401k until you start making withdrawals. At that time, it is important to understand the parameters associated with that 401k plan in order to know how you will be taxed. It may be helpful for you to sit down with a local tax accountant or CPA with a copy of the documentation from the 401k to have all of your questions addressed. I hope this helps.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
