Solved: I took a loan out on my current jobs retirement plan and have not recieved a 1099?
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808mami
New Member

I took a loan out on my current jobs retirement plan and have not recieved a 1099?

 
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Anita01
New Member

I took a loan out on my current jobs retirement plan and have not recieved a 1099?

You don't usually receive a 1099 for a loan.  You would only receive one if you stopped making the required payments.  That's when it would be considered a distribution, not when the loan is made.

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Anita01
New Member

I took a loan out on my current jobs retirement plan and have not recieved a 1099?

You don't usually receive a 1099 for a loan.  You would only receive one if you stopped making the required payments.  That's when it would be considered a distribution, not when the loan is made.

View solution in original post

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