Can you deduct what your paying back on your 401K for a loan? There is a section that ask repayment made to other type of retirement plan???

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Can you deduct what your paying back on your 401K for a loan? There is a section that ask repayment made to other type of retirement plan???

No, there is no deduction for repayment to a 401(k) loan. The loan proceeds aren't taxable, so the repayment isn't deductible.

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