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I have a question about an early withdrawal from my 401k. I
i have a question about an early withdrawal from my 401k … read more
emc011075
emc011075
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If I make $50k on my w2, take the standard $12k deduction,
If I make $50k on my w2, take the standard $12k deduction, put $20k in my pre-tax accounts (like 401k) and make $20k in long term capital gains, then what percentage will my capital gains be taxed at?… read more
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Tax and capital gains liabilty when selling my investment
Tax and capital gains liabilty when selling my investment home to my daughter … read more
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A retired civil service under FERS and 401K managed by the
Hello. I am Sam Zadeh a retired civil service under FERS and 401K managed by the TSP. I am 67 years old and took a partial withdraw from my 401K. They held 20% for tax. Is my partial withdraw going to… read more
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Any 2019 tax planning tips to minimize taxes under the TCJA?
Any 2019 tax planning tips to minimize taxes under the TCJA? Paid more taxes in 2018 since I availed the standard deduction and my state taxes has been maxed at $10,000.… read more
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I have a few questions re: taxes on a 401k withdrawal. No I
I have a few questions re: taxes on a 401k withdrawal … read more
Chad EA, CDFA®, CFP®
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I am 58 years what are the limits I can contribute to my
I am 58 years what are the limits I can contribute to my retirement in 2019. Can I contribute $25,000 to my 401(k) as well as add $7,000 to a Roth IRA and/or a traditional IRA?… read more
Robin D.
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I withdrew money from my 401K to purchase home and paid the
I withdrew money from my 401K to purchase home and paid the penalty and tax at that time but while doing my taxes is seems I'm being penalized again. It doesn't make sense to me. Can I be penalized tw… read more
Robin D.
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I am totally and permanently disabled. My husband is 61 and
I am totally and permanently disabled. My husband is 61 and he withdrew money from his 401K to purchase a home for our retirement. He withdrew $116,000, he paid approximately $34,000 in state and fede… read more
Lev
Lev
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Lev, Recently just got married and trying to see what are
Hi Lev, Recently just got married and trying to see what are the best options for us to break even for 2015.I also prefer to get the money now as opposed to the end of the year. My current salary is $… read more
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Own rental property in LLC with Sub S election purposes.
Own rental property in LLC with Sub S election for tax purposes. Condo burned and about 80% destroyed. Occurence was 2014, but insurance proceeds and rebuild 2015. Roughly - cost $40k, market before f… read more
R. Klein, EA
R. Klein, EA
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I withdrew money from my 401k to purchase rental property.
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I borrowed 15K from my company 401K..I paid back 5K to the
I borrowed 15K from my company 401K..I paid back 5K to the 401K and when I left the firm they deducted the remaining 10K I owed. This was my own money I borrowed against in the 401K-technically. How m… read more
socrateaser
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On 12/10/08 I received a total distribution for my 401K in
On 12/10/08 I received a total distribution for my 401K in the amount of $53,954.53. Income tax was withheld in the amount of $10,790.91. I had a looan balance of $8494.06 and actually received a chec… read more
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I recently lost my job but I will be getting a severance for
I recently lost my job but I will be getting a severance for 32 weeks. I have also found another job so will be getting additional income from that. I have a 401K loan for about $20K that will be fore… read more
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I was out of work for the year 2009. I took my 401K from my
I was out of work for the year 2009. I took my 401K from my last company and rolled it over into an IRA. With tough times I did withdraw money from my IRA. I am 55 years old. Will I have to pay penalt… read more
Merlo
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My 61 year old husband withdrew $25,000 to buy years for my
My 61 year old husband withdrew $25,000 to buy years for my state teachers retirement which I started to receive in Nov. 08. With the $25,00 added to our income we come up with an additional $7,000 (p… read more
Lev
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I cashed out my 401K I took a major loss on the value of the
I cashed out my 401K I took a major loss on the value of the stock. Is this considered a capital loo for federal income tax… read more
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