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kendallgrubbs
New Member

Good morning. Do I check the box for retirement plan withdraw if I took a Home Loan from my 401k that I am paying back through my paychecks?

 
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MichaelL1
Level 15

Good morning. Do I check the box for retirement plan withdraw if I took a Home Loan from my 401k that I am paying back through my paychecks?

No, a withdrawal is not a loan.  The loan is intended to be paid back, and withdrawal is not paid back. 

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2 Replies
MichaelL1
Level 15

Good morning. Do I check the box for retirement plan withdraw if I took a Home Loan from my 401k that I am paying back through my paychecks?

No, a withdrawal is not a loan.  The loan is intended to be paid back, and withdrawal is not paid back. 

kendallgrubbs
New Member

Good morning. Do I check the box for retirement plan withdraw if I took a Home Loan from my 401k that I am paying back through my paychecks?

Thank you!
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