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Retirement tax questions
No. Repayment of a 401K loan or other qualified plan loan is not reportable to the IRS and is between you and your plan administrator.
The only time it becomes a reportable event is if you fail to repay or leave your job. At that point, the balance of the loan is considered a distribution that is taxable and possibly subject to a 10% penalty.
‎June 3, 2019
11:04 AM
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