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Asked 12/3/2008

Looking to leave my job and take my 401K out.

I have $35K in 401k loans & a balance of $75K. If I take out the balance to repay the loans how will I be taxed? I need to leave my current job, there is no alternative so I'm just looking to make amends on the loans. Any help will be greatly appreciated.

 
 
 
 
 
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