I took a loan from my fidelity 401k and am paying it back weekly. Is this loan considered a distribution and therefor taxable? I did not receive a 1099-R.

This is a loan from my 401-k in question.

posted

Connect with an expert

1 Best answer

Accepted Solutions

No, as long as you have not defaulted on the payback, it is not a distribution.

1 Reply

No, as long as you have not defaulted on the payback, it is not a distribution.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Do you have an Intuit account?