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Will I receive a 1099R form in 2016 or 2017 for this 401k loan early distribution since there is a 60 day grace period?
I quit my job in November 2015 and had a 401k loan that I still hadn't paid back when I left. I understand there is a 60 day grace period to pay this back and if it's not paid back, I know it's considered a early distribution and I will be taxed on this and I should be receiving a 1099R form. Since the date for after the 60 day grace period will put this at January 2016, will the early distribution be considered for 2015? Will I receive a 1099 R form for this early distribution in 2016 or will this be considered a 2016 early distribution and I'll get the 1099 R form in 2017?
‎June 4, 2019
4:08 PM