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mawj
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Can I use money from my 401K rollover account to pay outstanding taxes without incurring a double tax?

 
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‎June 3, 2019 11:03 AM
last updated ‎June 03, 2019 11:03 AM
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Ashby
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Can I use money from my 401K rollover account to pay outstanding taxes without incurring a double tax?

No, if you withdraw from your retirement account before age 59-1/2 to pay taxes, you will incur regular income tax plus a 10% early withdrawal penalty.

‎June 3, 2019 11:03 AM
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Ashby
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Can I use money from my 401K rollover account to pay outstanding taxes without incurring a double tax?

I am sorry this was not helpful, did I not answer the question you had?
‎June 3, 2019 11:03 AM
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