turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mpool33
New Member

For removing money from a 401k can I use mortgage expense as a expense for tax purposes like medical expenses

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

For removing money from a 401k can I use mortgage expense as a expense for tax purposes like medical expenses

No.  Mortgage payments are not an eligible exception to the 10% early distribution penalty.

See this IRS Tax Topic - https://www.irs.gov/taxtopics/tc558

Hal_Al
Level 15

For removing money from a 401k can I use mortgage expense as a expense for tax purposes like medical expenses

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question