Solved: What does distribution mean do you pay it back

What does distribution mean do you pay it back

If I took out a 401k loan and paid it back is that a distribution

posted

Loans are not considered a distribution unless you default on them and then they are re-characterized as a distribution. If you paid the loan back there is nothing to report on your return.

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Loans are not considered a distribution unless you default on them and then they are re-characterized as a distribution. If you paid the loan back there is nothing to report on your return.