It didn't consider the loan to be satisfied until we repaid it last week, after I had already received a 1099-R with 1L in box 7. If the new tax law only applies to offsets, why would Fidelity allow us to pay back the loan in 2020 when there is no benefit in doing so? Just very confusing that they took the money to pay back the loan and we are still on the hook to pay taxes on the distribution even though we have put that money back into the 403(b). We should have never repaid the loan and it doesn't appear there's a way to roll back that payback.
