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I borrowed $4000 from my 401K in 2016. Do I report this on my 1040?
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I borrowed $4000 from my 401K in 2016. Do I report this on my 1040?
A distribution reported on a 1099-R gets reported, a loan that must be paid back is not reported.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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I borrowed $4000 from my 401K in 2016. Do I report this on my 1040?
A distribution reported on a 1099-R gets reported, a loan that must be paid back is not reported.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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