turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I borrowed $20,000 from my 401k, but returned the $20,000 loan within 60 days. Where do I indicate this on my tax return?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KenH1
New Member

I borrowed $20,000 from my 401k, but returned the $20,000 loan within 60 days. Where do I indicate this on my tax return?

You do not have to report 401k loans, and you would not receive any forms.

If you took distribution, then rolled it over, then you would get a form 1099-R, which you would enter into TurboTax with some extra steps. See below:

https://ttlc.intuit.com/replies/5668700

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question