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Author: Pegasus9 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25241  
Subject: 401K Loan Date: 9/8/2000 10:17 AM
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I have a loan on my 401K at present that will be paid off in 12 months. I have a need for cash now but I am only allowed one loan at a time on my 401K. I can just liguidate the first loan and create a new one, but I understand there may be tax consequences. What would those be?
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