I am in financial hardship, and need to use part of my 401k to pay off a loan. What will the taxes/fees look like being that I'm under 59 1/2 years old and single?
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I am in financial hardship, and need to use part of my 401k to pay off a loan. What will the taxes/fees look like being that I'm under 59 1/2 years old and single?
I am in financial hardship, and need to use part of my 401k to pay off a loan. What will the taxes/fees look like being that I'm under 59 1/2 years old and single?
Perhaps this may help.
Please
read TurboTax FAQ for more information about “What are the exceptions to the penalty for an early withdrawal from my
401(k)?”: https://ttlc.intuit.com/replies/5881082
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