topic If I take out a loan against my 401K for 20,000$, and then leave the company I am with, and choose to keep the loan instead of paying back, how much would I owe in taxes? in After you file https://ttlc.intuit.com/community/after-you-file/discussion/if-i-take-out-a-loan-against-my-401k-for-20-000-and-then-leave-the-company-i-am-with-and-choose-to/01/142538#M25391 Sat, 01 Jun 2019 07:10:11 GMT janiceroberts 2019-06-01T07:10:11Z If I take out a loan against my 401K for 20,000$, and then leave the company I am with, and choose to keep the loan instead of paying back, how much would I owe in taxes? https://ttlc.intuit.com/community/after-you-file/discussion/if-i-take-out-a-loan-against-my-401k-for-20-000-and-then-leave-the-company-i-am-with-and-choose-to/01/142538#M25391 Sat, 01 Jun 2019 07:10:11 GMT https://ttlc.intuit.com/community/after-you-file/discussion/if-i-take-out-a-loan-against-my-401k-for-20-000-and-then-leave-the-company-i-am-with-and-choose-to/01/142538#M25391 janiceroberts 2019-06-01T07:10:11Z That amount would be income and taxed at your tax rate pl... https://ttlc.intuit.com/community/after-you-file/discussion/that-amount-would-be-income-and-taxed-at-your-tax-rate-pl/01/142544#M25393 <P>That amount would be income and taxed at your tax rate plus you would have a 10% early withdrawal penalty on that amount.<BR /></P> Sat, 01 Jun 2019 07:10:13 GMT https://ttlc.intuit.com/community/after-you-file/discussion/that-amount-would-be-income-and-taxed-at-your-tax-rate-pl/01/142544#M25393 Bsch4477 2019-06-01T07:10:13Z