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juststac1863
New Member

I had taken out a $1,500 loan out of my 401k and I have paid it back. Do I need a 1099-R form from my financial investment bank to have when I file my taxes? Do I have to pay taxes on that?

 
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DoninGA
Level 15

I had taken out a $1,500 loan out of my 401k and I have paid it back. Do I need a 1099-R form from my financial investment bank to have when I file my taxes? Do I have to pay taxes on that?

A loan from a 401(k) account is not reported on a tax return.

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2 Replies
DoninGA
Level 15

I had taken out a $1,500 loan out of my 401k and I have paid it back. Do I need a 1099-R form from my financial investment bank to have when I file my taxes? Do I have to pay taxes on that?

A loan from a 401(k) account is not reported on a tax return.

Anonymous
Not applicable

I had taken out a $1,500 loan out of my 401k and I have paid it back. Do I need a 1099-R form from my financial investment bank to have when I file my taxes? Do I have to pay taxes on that?

and the repayment is not re[portable and any interest you paid is not deductible

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