MindyB
Expert Alumni

Retirement tax questions

It depends. If you took what would have been a taxable withdrawal, and paid it back within 60 days, then you can indicate that in the 1099-R entry.

 

If you just took a 401(k) loan, not a withdrawal, there is nothing to report.

 

Here is some information you may find helpful: An Early Withdrawal From Your 401(k): Understanding the Consequences.

 

 

[Edited 02/15/2025 | 3:50 pm PST]