So in 2018 I borrowed from my 401K for a first time home purchase. I was separated from my job and started a new one right away, while still owing the 401K loan. Since I didn't have the money to pay it back I thought I would take it as an early distribution until I heard about the law changing. So now in 2019 with my new job, I have a small loan on my 401K.
1. I have filed for an extension until October in order to give my self time to pay back the 2018 loan.
2. If I pay back my current loan to myself on my current 401K does that money count towards my payback of my old one? Or another way of asking this question is: Does paying back a 401k Loan to myself count as a rollover?
Make Sense? any information would be great!
