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Cash out of 401k and write off losses from fed tax filing?

I have a 401k (pre tax) still , with a company i worked at for over 10 years (1999 to 2009) while i contributed the entire 10 years the value is now 1/2 of what i put in and the stock in which i bought is very low. when/if i cash in and pay the 20% tax and the 10% penalty can i write off the losses...

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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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Can i get a tax credit on my income tax return for losses in my 401k?

Since my 401k lost 45% this year, can i claim a tax credit on my 2008 federl tax return? and how would that affect me when i retire an d withdraw the money?

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