We withdrew money from a 401k and had the 10% penalty withheld at the time of the distribution. I am using tax cut software and indicated the withdrawal amount and the 10% penalty already withheld but it seems to be adding it back into my taxes due. It looks like I am being subjected to the 10%...

When I finally receive my portion of my ex husband's 401k- I'm wondering if I withdraw the money to use as a down payment on a house for my children and I-what is the penalty? I've heard that there is not a penalty for that purpose. If there is, how much is the penalty??

I cashed out my 401k and have high student load debt. I have read that is an approved reason and should not have to pay the 10 percent penalty. My question is what do I have to provide for my taxes that shows this student load debt.

This may sound like a stupid question, but, please understand that I am an artist -- not a money person. If you take an early withdrawal from a 401K plan, pay the 20% state and federal tax before receiving the disbursement, how do you claim all this on the tax form? Can you use the EZ forms or do...

In regard to an early 401k withdrawal, can someone advise if the 10% penalty is calculated on the amount AFTER the 20% withholding, or is it on the amount of the original withdraw? (e.g. If you withdraw $10,000 from your 401k early, and the company withholds 20%=$2000; are you then required to pay...