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Level 1
June 5, 2019
Solved

I pulled 3000.00 from my 401k as a loan how do y’all add to my taxes and do I need a paper from my employer

  • June 5, 2019
  • 1 reply
  • 13 views
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Best answer by DoninGA

A loan from a 401(k) account is not reported on a tax return.  Only if you default on the loan, then the distribution would be on a Form 1099-R and entered on a tax return.

1 reply

DoninGA
Level 15
DoninGALevel 15Answer
Level 15
June 5, 2019

A loan from a 401(k) account is not reported on a tax return.  Only if you default on the loan, then the distribution would be on a Form 1099-R and entered on a tax return.