turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

401 k loan default do I need any papers for this to file?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
RichardG
New Member

401 k loan default do I need any papers for this to file?

If the load is in default, the plan administrator may classify the unpaid loan balance as a deemed distribution.  In that case you'll receive Form 1099-R from the plan administrator.  Unless you receive that form from the plan administrator, there's nothing for you to report.  Please follow this link for more information. https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-loans#4


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies