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New Member
posted Jun 4, 2019 11:30:45 PM

I pulled 3000.00 from my 401k as a loan how do y’all add to my taxes and do I need a paper from my employer

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1 Best answer
Level 15
Jun 4, 2019 11:30:47 PM

A loan from a 401(k) account is not reported on a tax return.  Only if you default on the loan, then the distribution would be on a Form 1099-R and entered on a tax return.

1 Replies
Level 15
Jun 4, 2019 11:30:47 PM

A loan from a 401(k) account is not reported on a tax return.  Only if you default on the loan, then the distribution would be on a Form 1099-R and entered on a tax return.