kms320
New Member

I defaulted 401k loan in 2016. However the money was disbursed in 2015. Can I refile 2015, rather than paying the taxes in 2016?

I took a loan against my retirement in 2015, unfortunatley I was not making enough money and ended up defaulting in 2016 so it became taxable income.  Can / should I refile for 2015?  I'd rather not have the tax liability in 2016.