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401K LOAN REPAYMENT DISTRIBUTION
I TOOK A LOAN OUT OF MY 401K FOR LOAN CONSOLIDATION AND AM PAYING IT BACK THROUGH MY PAYROLL. I ALSO RECEIVED A 1099-R CODES "1L" FROM THE DISTRIBUTOR. TURBOTAX IS TREATING THIS AS TAXABLE DISTRIBUTION BUT IS NOT TAXABLE INCOME. HOW DO I TREAT THIS IN TURBOTAX?
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‎April 1, 2025
3:19 PM