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Tax, SDIRAs & Cost Segregation

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Kevin Allen
  • Louisville, KY
82
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165
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Cares act 401k question

Kevin Allen
  • Louisville, KY
Posted Apr 30 2020, 23:15

My wife has been out of work due to the virus. She has a hair salon which has been forced to close down during the pandemic. Does anyone know if I will be able to wave the 10% early withdrawal fee if I take a distribution from my 401k because of the cares act. I didn’t know if it had to be my job that was disrupted or if it could be either.

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