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New Member
posted May 31, 2019 9:22:18 PM

I took a loan out on my 403B, Do I need to claim that?

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1 Replies
New Member
May 31, 2019 9:22:20 PM

Loan proceeds are not reported on your tax return.

If a Form 1099-R (distribution) is ever required, the 403B plan administrator would prepare it and send you a copy. 

The only reason they would send you a Form 1099-R for the loan is if you failed to repay it when required.