☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 12:47:35 PM

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.

0 1 935
1 Best answer
Intuit Alumni
Jun 4, 2019 12:47:37 PM

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

1 Replies
Intuit Alumni
Jun 4, 2019 12:47:37 PM

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