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A 401k loan is not the same as a withdraw. If you withdraw funds from a 401k, the 401k administrator will issue a 1099-R. Loans are not considered a withdraw unless there was a failure to pay back the loan (typically occurs when a person leaves the employer and does not pay back the full amount of the outstanding balance within 60 days of termination).
A 401k loan is not the same as a withdraw. If you withdraw funds from a 401k, the 401k administrator will issue a 1099-R. Loans are not considered a withdraw unless there was a failure to pay back the loan (typically occurs when a person leaves the employer and does not pay back the full amount of the outstanding balance within 60 days of termination).
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