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Buying & Selling Real Estate

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Joey Hicks
  • Investor
  • Athens, TN
6
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13
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401K withdrawal due to Covid 19

Joey Hicks
  • Investor
  • Athens, TN
Posted May 22 2020, 22:15

Has anyone taken or considered taken the Covid 19 Cares act $100,000 out of their 401k to purchases additional properties? What are you all's thoughts? My thoughts are that you could buy a property and depreciate it over the three years to cover the taxes. Of course I would check with a tax professional first.

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