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Updated over 4 years ago,

Joey Hicks's profile image
Joey Hicks's profile image
Joey Hicks
  • Investor
  • from Athens, TN
  • Member since Nov 28, 2019
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User Stats

13
Posts
6
Votes
Joey Hicks's profile image
Joey Hicks's profile image
Joey Hicks
  • Investor
  • from Athens, TN
  • Member since Nov 28, 2019
Connect
Joey Hicks
  • Investor
  • Athens, TN
6
Votes |
13
Posts
Buying & Selling Real Estate

401K withdrawal due to Covid 19

Joey Hicks
  • Investor
  • Athens, TN
Posted

Has anyone taken or considered taken the Covid 19 Cares act $100,000 out of their 401k to purchases additional properties? What are you all's thoughts? My thoughts are that you could buy a property and depreciate it over the three years to cover the taxes. Of course I would check with a tax professional first.

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