Do I have to wait on a 1099R if I borrowed against my 403B?

posted

No a loan from a qualified plan is not considered a taxable transaction as long as you are paying the loan back according to the terms of the loan. Also, if you quit employment it is a deemed distribution and it becomes taxable at your termination.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can I Include Social Security Disability, Retirement payments, and Wages in the adjusted gross income - they are not showing up. Should I contact the IRS? Thanks.

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Do I have to wait on a 1099R if I borrowed against my 403B?

Do I have to wait on a 1099R if I borrowed against my 403B?

Get more help

Do you have a TurboTax Online account?

Do I have to wait on a 1099R if I borrowed against my 403B?

Do you have an Intuit account?

Do I have to wait on a 1099R if I borrowed against my 403B?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert