DanielV01
Expert Alumni

Get your taxes done using TurboTax

@Caseyblue  What @macuser_22 provided is not in conflict with the other tax experts in this thread.  He is right by saying "If you filed the extension".  The issue is that you didn't file an extension; you filed the actual tax return.  Once the return is filed, the extension is no longer needed.  You can't extend an already filed return, but you can amend it.  

 

So you could choose to take out a loan, for example, to pay back whatever portion of retirement loan that you choose, before May 17, and then you may amend.  This may be an option for you if you do wish to get the tax benefits and can pay back your loan quickly.

 

 

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