If i received loan from 401k they take out my check every pay period for 5 years do i report it on taxes.

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If i received loan from 401k they take out my check every pay period for 5 years do i report it on taxes.

No you do not report loans on your tax return. But if you get a 1099R for it then it turned into a distribution and will be taxable.

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If i received loan from 401k they take out my check every pay period for 5 years do i report it on taxes.

No you do not report loans on your tax return. But if you get a 1099R for it then it turned into a distribution and will be taxable.

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