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shawnyos
New Member

Is a 401k Loan the same as a Distribution from a retirement plan?

 
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‎June 4, 2019 1:29 PM
last updated ‎June 04, 2019 1:29 PM
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SweetieJean
Level 15

Is a 401k Loan the same as a Distribution from a retirement plan?

No. A loan is not claimed unless/until you default on it. It then becomes a taxable distribution.

‎June 4, 2019 1:29 PM
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