I borrowed 12,00.00 from my 401(K) plan. paying it back monthly. Is that taxable income and does it go in the 1099-R Entries?

wtbrand · ‎June 4, 2019

Vanessa · ‎June 4, 2019

If you are paying it back as required then it is not taxable income. In this case, you should not have received a 1099R and nothing would be entered.

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Vanessa · ‎June 4, 2019

If you are paying it back as required then it is not taxable income. In this case, you should not have received a 1099R and nothing would be entered.

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