About Capobvious

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Re: Will Solar tax credit erase early 401k withdrawl?

ok, so if it takes out 20% withholding.....from the 401 withdrawal...Ill get that 20% back in my return because of the solar credit? Is that right?

Capobvious

1

Updated Jun 26, 2020
Re: Will Solar tax credit erase early 401k withdrawl?

I guess my question is what is my income tax on a 401k withdrawal of 20k?And as per the other responses the solar tax credit will not wipe it out completely.

Capobvious

3

Updated Jun 26, 2020
Re: Will Solar tax credit erase early 401k withdrawl?

Thank you all for replying! My issue is what would be my tax liability that the credit erases? lets just say i take out 20k, how does that translate to the inco...

Capobvious

5

Updated Jun 26, 2020
Re: Will Solar tax credit erase early 401k withdrawl?

ok, so the tax "expert" said it will be ok, and you say it won't be. Where do I get a definitive answer on this?

Capobvious

8

Updated Jun 26, 2020
Re: Will Solar tax credit erase early 401k withdrawl?

THANK YOU!!!

Capobvious

10

Updated Jun 26, 2020

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Date Registered	‎June 24, 2020 5:20 PM
Date Last Visited	‎June 27, 2020 11:39 AM
Total Messages Posted	7

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