The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/early-401k-withdrawal-11710420.aspx

Subject:  early 401k withdrawal Date:  12/27/1999  12:12 AM
Author:  Howard24 Number:  23774 of 132806

When I left my previous job I withdrew my money from my
401k plan. When the money was withdrawn it was automatically taxed 20%, so I know that I still owe the 10% early withdrawal fee. My question is, when I file my taxes I will have to claim this money as income but will I have to pay taxes on it again? Thanks for any help.
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us