- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Home loans
Yes. A 401K withdrawal is 100% taxable unless it's in a ROTH 401K. And there is a 10% Early Withdrawal Penalty if you are under 59 1/2. But the penalty might be suspended for 2020 due to the Covid-19. Can you take a loan from it instead of a withdrawal? You don't report loans.
‎August 6, 2020
10:34 AM