if i receive a loan from my 401k does that mean i withdrew money from the account?

posted

Connect with an expert

1 Best answer

Accepted Solutions

if i receive a loan from my 401k does that mean i withdrew money from the account?

A loan from a 401(k) account is not reported on a tax return. You will not receive a Form 1099-R for the loan, so it is Not considered a withdrawal from your account.

View solution in original post

1 Reply

if i receive a loan from my 401k does that mean i withdrew money from the account?

A loan from a 401(k) account is not reported on a tax return. You will not receive a Form 1099-R for the loan, so it is Not considered a withdrawal from your account.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

if i receive a loan from my 401k does that mean i withdrew money from the account?

if i receive a loan from my 401k does that mean i withdrew money from the account?

if i receive a loan from my 401k does that mean i withdrew money from the account?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

if i receive a loan from my 401k does that mean i withdrew money from the account?

Do you have an Intuit account?

if i receive a loan from my 401k does that mean i withdrew money from the account?

if i receive a loan from my 401k does that mean i withdrew money from the account?

Unlock tailored help options in your account.

Get more help

Related Content