Took a 401k loan out but have not received 1099 or what ever I supposed to get

cc6080 · ‎February 18, 2024

xmasbaby0 · ‎February 18, 2024

You do not get a 1099R for a 401k loan. You get a 1099R if you took money out of a 401k and did not pay it back. If you paid it back there is nothing to enter on your tax return about it.

**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.**

Opus 17 · ‎February 18, 2024

A loan is not taxable income because you promised to pay it back. If you ever stop making payments any outstanding balance will be converted into a distribution and you would get a 1099-R at that time.

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Took a 401k loan out but have not received 1099 or what ever I supposed to get