gjwillis
New Member

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?