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I took out a loan against my 401K in early 2023 and have been making payments on each paycheck. Would I receive a 1099-R form for this?

 
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Bsch4477
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I took out a loan against my 401K in early 2023 and have been making payments on each paycheck. Would I receive a 1099-R form for this?

You would only receive a 1099-R if you did not pay the loan back. 

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1 Reply
Bsch4477
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I took out a loan against my 401K in early 2023 and have been making payments on each paycheck. Would I receive a 1099-R form for this?

You would only receive a 1099-R if you did not pay the loan back. 

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