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How can i claim the major losses to my 401 k on my income tax form for 2008 ?

I had income of $13,000 from a job in 2008. i retired in june 2008 at age 69. i get a monthly social security check of $1000 . i am single and now want to take out all money in my 401 k in cash for my living expenses. can i claim losses to my 401 k on my income tax return form? i own a home...

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I want to close my 401k i'm 45 i know of the penalties employer says no reason age/no job loss can they do that?

To whom it may concern: i have done taxes and i've cashed out prev 401k's when changing jobs instead of rolling them over i know i will be paying fed tax on cash out as well as 10% penalty on my 1040 for taxes for the year i receive the cash out. this employer tells me i cannot cash...

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How much to cash out my 401 k?

I know it isn't the smartest thing to do, but i wonder how much i would get if i cashed out my 401k. if i have $4000.00 in there how much do you think i would walk away with after penalties, taxes, etc? i'm just curious in case i ever need to - i've left my employer so it isn't likely...

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