I have a 401k loan (i have both traditional and roth 401k). My company was bought a few years ago and they finally moved our benefits this year. I received a 1099 from my old 401k provider (marked M1 and MB for my traditional and roth accts respectively) for the remaining balance when we converted back in February. Since the conversion to our new provider I have continued payments on the loan.
my questions are:
on turbo tax i dont see an option where it asks if i am still paying my loan payments for my "new 401k". Do I select the rollover to new plan option after entering the 1099 info?
will I receive a form from my new 401k provider much like a 5498 when you do IRA rollovers to show this is not a taxable event? Ive called both my old and new providers and the old provider said they provide nothing and my 1099 is marked correctly. My new provider is researching on their end as to if theres some kind of form they provide to show that the loan is still active and being repaid.
