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bvardiman
New Member

Retirement account loan

I took a loan against my retirement account which I am currently repaying under the terms of the loan.  Do I need to file this as income?
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DDollar
Expert Alumni

Retirement account loan

No, you do not need to file anything for your loan.  If you left your job with your employer you have to pay back the loan in full, or the outstanding amount would be treated as a taxable distribution from your IRA.

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DDollar
Expert Alumni

Retirement account loan

No, you do not need to file anything for your loan.  If you left your job with your employer you have to pay back the loan in full, or the outstanding amount would be treated as a taxable distribution from your IRA.

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