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New Member
posted May 31, 2019 8:06:04 PM

Hi, I took a loan out on my 401k this year that I'm paying back. Do I need to claim this?

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1 Best answer
Expert Alumni
May 31, 2019 8:06:07 PM

Repayments of a 401(k) loan are not tax deductible.

You do not have to enter anything in your tax return.

1 Replies
Expert Alumni
May 31, 2019 8:06:07 PM

Repayments of a 401(k) loan are not tax deductible.

You do not have to enter anything in your tax return.