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stavares1115
New Member

Do I need to claim a $1200 401k loan that I pay back automatically through my paycheck? Will I receive any tax forms I should wait for before filing?

 
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MaryK1
Level 9

Do I need to claim a $1200 401k loan that I pay back automatically through my paycheck? Will I receive any tax forms I should wait for before filing?

No, as long as you are still with the same employer and are making the loan payments you do not report a 401k loan on your tax return.

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MaryK1
Level 9

Do I need to claim a $1200 401k loan that I pay back automatically through my paycheck? Will I receive any tax forms I should wait for before filing?

No, as long as you are still with the same employer and are making the loan payments you do not report a 401k loan on your tax return.

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