Home arrow Mortgage Forums arrow Announcements Feedback and Our Pub arrow

Taxation of 403b withdrawal

Author Message
Icon Mini Profile Roygreene1





Joined: 20 Feb 2011

Posts: 1

1.00 Dollars($)
Post Posted: Sun Feb 20, 2011 11:20 am    Post subject: Taxation of 403b withdrawal
Like 0
Dislike 0

I took $20'000. From 403b acct at age 60. $4000. Was wit held for taxes. Will I be taxed on that amount, or will it be figured in as adjusted gross income. We have many deductions from a business loss
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10460
Location: Nevada
987.57 Dollars($)
Post Posted: Sun Feb 20, 2011 8:43 pm    Post subject:
Like 0
Dislike 0

Hi Roygreene,

You may be taxed for that amount that you had withdrawn from your 403b account.

Thanks
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.061 seconds.