lstreet78
Returning Member

401k loan settled

I took out a 401k in Nov 2020 and was paying it back via automatic payroll deductions and then in Jul 2021, I was laid off from that job. When I rolled over my 401k from that job to an individual 401k at a different investment firm, they took the remaining balance owed on the loan from my total amount to roll over to settle the loan but I still received a 1099-R form. By them taking the balance due, does that null/void the 1099-R?