I borrowed money from my retirement plan which I pay back monthly. When I check the website it says I do not have any tax documents. Should I have a 1099-R?
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I borrowed money from my retirement plan which I pay back monthly. When I check the website it says I do not have any tax documents. Should I have a 1099-R?
posted
June 4, 20192:55 PM
last updated
June 04, 20192:55 PM
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I borrowed money from my retirement plan which I pay back monthly. When I check the website it says I do not have any tax documents. Should I have a 1099-R?
No. As long as you make the payments, there are no tax consequences for taking a loan from your retirement plan.