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cpeterson
New Member

I have a couple of questions to ask. First one is I borrowed against my 401 K so do I need to claim that on my 2016 taxes?

Also my company paid me out for personal milage that i used for work to drive my own car to another location for work do I need to report that on my 2016 taxes as well?
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2 Replies

I have a couple of questions to ask. First one is I borrowed against my 401 K so do I need to claim that on my 2016 taxes?

you got the money so you have to file
cpeterson
New Member

I have a couple of questions to ask. First one is I borrowed against my 401 K so do I need to claim that on my 2016 taxes?

I was told by a turbo tax agent I do not have to report it to my taxes unless if I leave the company. I took out a loan from my 401 K.

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