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kk851
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If I am repaying a 401k loan, do I need to claim on taxes the money received?

I have recently borrowed money from my 401k account but am repaying the loan, does this need to be claimed on my taxes?

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1 Reply

If I am repaying a 401k loan, do I need to claim on taxes the money received?

No. As long as you are current in your payments, the loan does not get reported.
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