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Retirement tax questions
If you took a loan out from your 401k do you have to file it on your tax return?
No. Loans from a 401(k) account are not reported on a federal tax return. If you default on the loan or are separated from the company without paying off the loan, then it is a distribution and you will receive a Form 1099-R. The 1099-R is reported on a federal tax return.
May 31, 2019
5:09 PM