- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I took out a 401k Loan in 2016. Is there anything I need to put on my return about this or pay taxes/penalties on it? I am paying it back on schedule.
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I took out a 401k Loan in 2016. Is there anything I need to put on my return about this or pay taxes/penalties on it? I am paying it back on schedule.
A loan from a 401(k) tax deferred retirement account is not reported on a tax return.
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I took out a 401k Loan in 2016. Is there anything I need to put on my return about this or pay taxes/penalties on it? I am paying it back on schedule.
A loan from a 401(k) tax deferred retirement account is not reported on a tax return.
Still have questions?
Make a post
Or browse the Forums