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401k early withdrawal
I had to withdraw my contributions in order to avoid eviction and financial hardship due to employment being terminated and ineligibility to claim unemployment benefits. I was told I could avoid penalty because of that. I have reported already my 1099-R forms, but I don't know how to report that those amounts were used for that purpose. I'm considering to claim those amounts in the permissible withdrawals, but should them be the full amounts or amounts after taxes. Could you please advice? Thanks in advance.
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‎April 9, 2024
10:44 AM