401K: Withdraw Now, Pay Taxes on 2009 Return?

Feb 15, 2010 0 Replies

I have an individual 401K. I am wondering if I can withdraw money now (before April 15) and treat it as a withdrawal for 2009 and thus pay taxes on it for the 2009 year. (the reason to do this of course has to do with tax brackets--the money would be taxed at a lower tax rate in 2009 than 2010).



Thanks.


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