Can I use my 401k withdrawal and use it as an investment for my bussiness, hence obtaining a taxk break?

[SweetieJean · Accepted solution]

You still owe taxes (and possibly a penalty) on the 401(k) distribution.

Depending upon how you use then used the funds, you may be able to then deduct (or amortize) those as business expenses.  For example, you can deduct any business supplies that you purchased.