☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 10:47:42 AM

I took out a 401k loan last year It says year to date deductions with 401k loan on top of w2 with how much I have paid back with each check Will I receive a 1099r?

Im not sure if I will be penalized for it or not since it states it was a loan. 

0 1 1157
1 Best answer
Intuit Alumni
Jun 3, 2019 10:47:43 AM

No, a loan is not treated as a disbursement. 

1 Replies
Intuit Alumni
Jun 3, 2019 10:47:43 AM

No, a loan is not treated as a disbursement.