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New Member
posted Jun 6, 2019 7:58:12 AM

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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1 Best answer
Level 9
Jun 6, 2019 7:58:14 AM

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.

1 Replies
Level 9
Jun 6, 2019 7:58:14 AM

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.