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Updated over 1 year ago,

User Stats

6
Posts
2
Votes
Irving Franco
Pro Member
2
Votes |
6
Posts

Offsetting 401k withdrawal taxes

Irving Franco
Pro Member
Posted

Is away to offset the income tax on a 401k withdrawal that will be used to purchase investment real estate. I know I can move the money into a self directed IRA and going that route, but I'm curious if you can take a 401k withdrawal and use other tax losses within the year to offset the income tax.

I live in California which has higher income taxes, I have a W-2 job and do not qualify as a real estate professional

  • Irving Franco
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