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Old 06-19-2008, 08:56 AM
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Join Date: Jan 2007
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How does one calculate the tax liability for a premature 401k distribution?

I recently withdraw about $50K from my 401K to start a new business and I didn't have my brokerage company withold any taxes from it when it was disbursed. I guess what I made was a premature distribution that is subject to the penalties and taxes.

How do I go about figuring what my tax liability would be come April 15, 2009?



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