Solved: I took a personal loan from a 401k two years ago. Last year, I switched jobs and didn't finish paying the loan, so I received a 1099. Can I amend 2015 taxes for this?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

I took a personal loan from a 401k two years ago. Last year, I switched jobs and didn't finish paying the loan, so I received a 1099. Can I amend 2015 taxes for this?

I'm curious to know if I can amend my 2015 taxes, since that was when I received the disbursement, or if it only applies to 2016.
1 Best answer

Accepted Solutions
Level 15

I took a personal loan from a 401k two years ago. Last year, I switched jobs and didn't finish paying the loan, so I received a 1099. Can I amend 2015 taxes for this?

No sorry.  It goes on your 2016 return.

View solution in original post

2 Replies
Level 15

I took a personal loan from a 401k two years ago. Last year, I switched jobs and didn't finish paying the loan, so I received a 1099. Can I amend 2015 taxes for this?

No sorry.  It goes on your 2016 return.

View solution in original post

Level 14

I took a personal loan from a 401k two years ago. Last year, I switched jobs and didn't finish paying the loan, so I received a 1099. Can I amend 2015 taxes for this?

Unless the printed date on the 1099 is 2015.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.**

Dynamic Ads
v
Privacy Settings