Ask Experts Questions for FREE Help !
Ask
    northeast's Avatar
    northeast Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 15, 2008, 03:50 PM
    401k taxes
    Could I rollover my 20% tax into an IRA?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Jan 15, 2008, 04:22 PM
    Quote Originally Posted by northeast
    Could I rollover my 20% tax into an IRA?
    Please clarify - what do you mean by "20% tax"?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

401K taxes [ 1 Answers ]

Will be withdrawing all money. Over 60 yrs old. I know they will take 20% for taxes. What about when I do my taxes? Will I be taxed again on what I received? Thanks.

Taxes on 401k [ 7 Answers ]

I will be divorcing my husband of 27 years. It will not be finalized until April 2008. In the divorce I got a $670,000.00 settlement from his 401k. It was rolled over to a new account. I am going to pull some money out. I don't have to pay the early withdrawl penalty. My question is. When I pull...

Taxes and 401K [ 5 Answers ]

I have a 401K with a balance of $100,000 that I've designated to pay off my son's college education debts. I have other investments and a fixed annuity for my own retirement. I owe $74,000 to Sallie Mae in PLUS education loans. I want to cash in the 401k and use the funds to pay off the Sallie...

401k and taxes [ 1 Answers ]

Hi, If I am enrolled in my company 401k plan do I need to account that in my taxes. I am going to file the 1040NR form and I was wondering if I need to mention the 401k amount I invested in line 31 of 1040NR i.e "IRA deduction" Thanks...

401K and taxes [ 2 Answers ]

I recently (maybe 6 months ago), signed up with my company's new 401K. Do I need any special info from this account to do my taxes this year? I have conflicting reports. My co-workers told me that I need the end of the year statement(which I misplaced). I called the company that handles our 401K...


View more questions Search