I took a withdrawal from my retirement plan, but I am paying it back through my paychecks every payday. Do I need to claim that on my taxes?

shortnsweet7871 · ‎June 5, 2019

Do I need to click the box at the beginning where it asks you if you had a retirement plan withdrawal, sold a home etc.?

macuser_22 · ‎June 5, 2019

Loans that you pay back are not distributions - they are loans, and do not get reported.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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macuser_22 · ‎June 5, 2019

Loans that you pay back are not distributions - they are loans, and do not get reported.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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I took a withdrawal from my retirement plan, but I am paying it back through my paychecks every payday. Do I need to claim that on my taxes?