LowWhile5600BtoSmall Business@indiehackers.space•Withdrawing 401k for LLC startupEnglish
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1 year agoYou will have to pay a 10% penalty and taxes on any funds you withdraw from your 401K.
Once you establish your business, there are a fare share of tax deductions you can apply to lower your business taxes. But that’s a completely different topic than your initial question.
Save the $ on the accountant. 😜
Not ideal but yes you can. Just keep a record of it