I switched jobs/orgs in February and in April took a $15K loan from my 403(b) TIAA account of the org I no longer work for. TIAA withheld taxes on it. I used the balance to pay down debts.
I've made the monthly auto-payments through checking and am on a 5-year plan. I'm 47.
I thought I did this right and but now am apprehensive that this will be treated as a regular distribution with the early penalty for withdrawal, not one with no tax consequences. Because of the distinction of a former vs. current employer. Am I going to get a 1 or an L in on that 1099-R, do you know?
