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Level 1
June 1, 2019
Solved

What does distribution mean do you pay it back

  • June 1, 2019
  • 1 reply
  • 4 views
If I took out a 401k loan and paid it back is that a distribution
Best answer by NewGuy

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.

1 reply

NewGuyAnswer
Level 6
June 1, 2019

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.