tcrumedy7
New Member

Retirement tax questions

Hello, I defaulted on two loans during 2020.  However I paid back one in full during 2021 and half of the other during 2020.  I received a 1099-R for both loans in the full amount taken from my 401K plan. Do I still have to add both amounts of the loans in the full amount to my gross income when filing my 2020 taxes.