Does a 401k loan from my employer count as a withdrawal from my retirement plan?

Is a 401k loan a withdrawal?

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Does a 401k loan from my employer count as a withdrawal from my retirement plan?

No. A loan from a 401(k) is not a withdrawal from the account and you will not receive a Form 1099-R for the loan. It is not reported on a tax return as long as you do not default on the loan or leave your employment without paying off the loan.

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Does a 401k loan from my employer count as a withdrawal from my retirement plan?

No. A loan from a 401(k) is not a withdrawal from the account and you will not receive a Form 1099-R for the loan. It is not reported on a tax return as long as you do not default on the loan or leave your employment without paying off the loan.

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