Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Hurricane Irma/Harvey 401k Withdrawal?
Wondering if anyone has done this. I didn't even realize this was an option, but saw today that I can take up to $6,000 out of my 401k for Hurricane relief with no paperwork or proof of hardship (and only a 10% tax rate). I live in the heart of Florida where Irma came through. The property didn't have any real major damage, but there are some upgrades I want to do. Would I be able to use this Relief withdraw for some upgrades?
Thanks!