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Subject:  Re: taxes on 401k disbursements Date:  11/2/2000  10:11 AM
Author:  aitfool Number:  41424 of 127745

I think it just hit me... since the money you put in was pretax, your cost basis as far as taxation goes is $0/share so, as you said, you'll be taxed on what you take out and not on the gains over what you put in.

Is that right? I was thinking you should be able to identify specific lots and stuff to figure the gains.... but it doesn't really matter since you've never paid taxes on any of the money in the 401k.


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