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Updated over 1 year ago,
Offsetting 401k withdrawal taxes
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