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June 4, 2019
Question

I took money out of my 401k to buy a house is there a way so i dont lose all my taxes this year

  • June 4, 2019
  • 1 reply
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1 reply

June 4, 2019
There is no special tax treatment for that use of 401k funds. The distribution is fully taxable as ordinary income and there is not exception to the penalty for early withdrawal.