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hlkelly99
New Member

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.

 
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DoninGA
Level 15

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.

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DoninGA
Level 15

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.

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