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Hi, I took a loan out on my 401k this year that I'm paying back. Do I need to claim this?

 
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Level 6

Hi, I took a loan out on my 401k this year that I'm paying back. Do I need to claim this?

Repayments of a 401(k) loan are not tax deductible.

You do not have to enter anything in your tax return.

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Highlighted
Level 6

Hi, I took a loan out on my 401k this year that I'm paying back. Do I need to claim this?

Repayments of a 401(k) loan are not tax deductible.

You do not have to enter anything in your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post