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If I just paid off my 401k loan, how much will a new loan be with $47K vested and a high loan balance of $8600 in the past year?
I have a vested balance of $47.9K. I have a zero loan balance as of today. My highest loan balance was $8700 in the past 12 months. Do I deduct the $8700 from 50% of my vested balance or from $50K per the new IRS guidelines?
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‎June 6, 2019
6:15 AM