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Retirement tax questions
So what happens if you have $0.00 in income for the full year, outside the 401k cash out, but the 401k cash out would be over the $4050.00 income amount as a dependent.
Does this now put you unable to be claimed as a dependent? Or would you be claimable as a dependent and just have to pay the penalties and the taxes on the money withdrew.
‎November 15, 2019
1:37 PM