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A 240 volt wire is the insulation factor of the wire. If you mean a 240 supply source from a distribution panel to a junction box then the answer is yes. You have to keep in mind that the box has to be accessible, meaning that you can get to the box to check the splice within the box. Don't bury the junction box behind the wall board.

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Q: Can you run a 240v wire from the electrical panel then put a junction box to run it where you want?
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