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If I borrowed from my retirement but paid it all back already this doesn’t fall under “contributions “ correct??

 
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2 Replies
AnnetteB6
Employee Tax Expert

If I borrowed from my retirement but paid it all back already this doesn’t fall under “contributions “ correct??

No, paying back a loan from your retirement plan is not considered to be a contribution to that plan and is not reported as part of your tax return.

 

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If I borrowed from my retirement but paid it all back already this doesn’t fall under “contributions “ correct??

Thank you so much for taking the time to  clarify 😃

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