- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Your repayments of a loan from your Thrift Savings Plan are not considered income and you do not have to report them.
Loans are not taxable distributions unless they fail to satisfy the plan loan rules of the regulations with respect to amount, duration and repayment terms. In addition, a loan that is not paid back according to the repayment terms of the plan document is treated as a distribution from the plan and is taxable.
Click here for more information of the taxability of loans from retirement plans.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 28, 2023
11:11 AM