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

posted

Connect with an expert

2 Replies

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Thank you so much for taking the time to clarify 😃

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.