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cloudinchi1
New Member

I took money from my 401k because I stopped working for that employer. Do I need to pay taxes on that?

 
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jerry2000
Alumni

I took money from my 401k because I stopped working for that employer. Do I need to pay taxes on that?

Unless you rolled it over to an IRA or another employer's 401k, you will have to pay tax on the withdrawal.

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1 Reply
jerry2000
Alumni

I took money from my 401k because I stopped working for that employer. Do I need to pay taxes on that?

Unless you rolled it over to an IRA or another employer's 401k, you will have to pay tax on the withdrawal.

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