You'll need to sign in or create an account to connect with an expert.
If it is a loan and you are paying it back, there is nothing you need to add to the tax return.
Now if was a loan, and you stopped paying it back, then you would get a 1099R and that has to entered on the tax return.
After you enter the 1099R it would ask about exceptions from the 10% penalty for early withdrawal.
If it is a loan and you are paying it back, there is nothing you need to add to the tax return.
Now if was a loan, and you stopped paying it back, then you would get a 1099R and that has to entered on the tax return.
After you enter the 1099R it would ask about exceptions from the 10% penalty for early withdrawal.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
therealnancydrew
Returning Member
jpmargt
Level 2
Cjraid
New Member
guti0411
New Member