Do I need to report a loan taken against my 401k plan, since I am repaying it bi-weekly?

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Do I need to report a loan taken against my 401k plan, since I am repaying it bi-weekly?

No. The loan only becomes reportable if you default or you leave the company and the loan becomes satisfied with an offset distribution. In either case you'll receive a From 1099-R to include on your tax return.

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Intuit Approved!

Do I need to report a loan taken against my 401k plan, since I am repaying it bi-weekly?

No. The loan only becomes reportable if you default or you leave the company and the loan becomes satisfied with an offset distribution. In either case you'll receive a From 1099-R to include on your tax return.

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