Retirement tax questions

No, you
do not have to add this as income. A loan from a qualified plan
(401k) is not considered a taxable transaction as long as you are paying
the loan back according to the terms of the loan.  Also, if you quit
employment it is a deemed distribution and it becomes taxable at your
termination.  If you received a 1099-R, you should contact your employer IMMEDIATELY.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post