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Retirement tax questions
The taxable amount is usually the entire amount, $10,000 in this case, except when some portion of the distribution is from after-tax money in the 401(k). Most people don't have any after-tax money in their 401(k).
(I'm assuming that this is not a lump-sum distribution involving a distribution of Net Unrealized Appreciation of employer securities, otherwise you probably would have mentioned that.)
‎September 24, 2019
10:09 AM
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