If I took out a loan against my 401k is that considered a distribution

amyharding1980 · ‎January 30, 2025

xmasbaby0 · ‎January 30, 2025

No. A loan on your 401k is not a distribution, so you do not enter anything about the loan on your tax return. If you do not re-pay it, then it becomes a distribution and they send you a 1099R at tax time.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

xmasbaby0 · ‎January 30, 2025

No. A loan on your 401k is not a distribution, so you do not enter anything about the loan on your tax return. If you do not re-pay it, then it becomes a distribution and they send you a 1099R at tax time.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Expert does your taxes

Do it yourself

Resources

Support

If I took out a loan against my 401k is that considered a distribution