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New Member
posted Feb 18, 2024 10:25:58 AM

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

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2 Replies
Level 15
Feb 18, 2024 10:29:20 AM

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.

Level 15
Feb 18, 2024 10:47:38 AM

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.