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Retirement tax questions
Seems like the money needs to be put in the 401k and then rolled to the IRA. My understanding is that if you roll from a 401k to an IRA and have an outstanding loan, they require repayment or it will be a distribution. I did not think you could fix this by putting money in an IRA since IRA's cannot have loans.
I would contact the plan administrator for the 401k.
‎September 11, 2021
7:56 AM