It doesn't sound like your distribution to pay a 401(k) loan off was a Qualified Plan Loan Offset. A plan loan offset occurs when a participant's account balance (or accrued benefit) is reduced to pay a defaulted loan. This may occur when the terms governing a plan loan require that the loan be repaid immediately or treated as in default as a result of certain events, such as an employee's termination. If it was a QPLO, the only benefit is the extended rollover period. If you think your distribution should be reported as a QPLO, then you can contact Fidelity and request that they issue a corrected Form 1099-R.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
