January / February crap will hit the fan again. - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

exUte · 10-25-2008, 02:43 AM

When owners of 401K's get their yearly statements and see they have to pay taxes on the capital gains, even though their 401K's have tanked.

Clark Addison · 10-25-2008, 02:16 PM

You don't pay taxes on Gains in your 401K, unless you have taken out money from it.

Or have I been cheating on my taxes for 10 years?

10-25-2008, 02:43 AM	#1
exUte Senior Member Join Date: Nov 2007 Posts: 2,326	January / February crap will hit the fan again. When owners of 401K's get their yearly statements and see they have to pay taxes on the capital gains, even though their 401K's have tanked. __________________ Ohbama - The Original Bridge to Nowhere

10-25-2008, 02:16 PM	#2
Clark Addison Senior Member Join Date: Jul 2007 Location: North Carolina Posts: 638	You don't pay taxes on Gains in your 401K, unless you have taken out money from it. Or have I been cheating on my taxes for 10 years?