Quote:
Originally Posted by Aurel
Is the income taxation of a 401k based on the whole amount, or only the interests?
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That would be the whole amount. It was taken out of your income before taxes. So taxes are due on it when you take it out. Early or later (during the regular period).
One thing I forgot to mention earlier is that you can get a loan against your 401k. You should check into that. I would suggest a decent down payment on the vac. property from your savings and add a little out of a 401k loan. Then finance the rest.
G