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Home loans
They will take out tax withholding on the withdrawal. That's just like withholding from your paychecks. You will get a 1099R at the end of the year to enter into your tax return with your other income to figure out the total tax (and it may put you into a higher tax bracket) and then the withholding is subtracted from the total tax to figure your refund or tax due.
‎August 6, 2020
11:10 AM