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southseapearl
Oct 14, 2007, 06:09 PM
How do I handle a 401K payout on my federal taxes? I left my company and they paid me my 401K. They did not list any penalties. I spent a lot of money to start a business and took a loss as well. But it still looks as if my taxes are high. Help! I hope I am calculating incorrectly.:eek: