In Wisconsin, does 401k cash out affect unemployment benefits?
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In Wisconsin. If you receive a cash payment of a 401k, before applying for unemployment Will it affect your unemployment benefits? I have heard that it affects benefits if you receive ...show more
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Answer:
No, it should not. 401k is deferred compensation -- you will be taxed as if you earned it in the current period but it is credited as wages earned in the period in which you actually earned it.
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