DaemonTargaryen2024@alien.topBtoSmall Business•Withdrawing 401k for LLC startupEnglish
1·
11 months agoAny withdrawal from a 401k is subject to income tax, and in most cases a 10% early withdrawal penalty.
Any withdrawal from a 401k is subject to income tax, and in most cases a 10% early withdrawal penalty.
https://www.irs.gov/retirement-plans/401k-plan-fix-it-guide-you-havent-timely-deposited-employee-elective-deferrals
You should talk to your 401k record keeper