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Asked 10/20/2008
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Do I have to pay taxes on money withdrawn from my 401K account used to pay off the mortgage on my primary residence? I took out money from my 401K and an IRA rollover account and used the proceeds to pay off the mortgage on my primary residence. Is this money taxable? |
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I recently got divorced and part of the agreement was i was to recieve money for my 1/2 of equity in a home me and my now ex husband were buying.he kept hte home and i had ot relocate will i have to pay taxes on the money i recieved.i will also get 1/2 of his 401k as he will mine it is to be set up...
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