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Asked 2/7/2008
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401K early withdrawl I lost my job and took an early withdrawl on my 401K. I know that it is taxed by the Federal Goverment along with a 10% charge unless used for medical reasons, but does the state of MI count that as taxable income? Turbotax.com subtracted it, my tax professional service said it was Gross Income. Can you please tell me which is correct? |
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