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New Member
posted Apr 15, 2025 2:33:18 PM

would i answer yes to this question if i took a loan from my 401k - Did you withdraw money from your retirement plan?

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2 Replies
Expert Alumni
Apr 15, 2025 2:38:11 PM

No. Loan is is not considered withdrawal and you don't report it on your return.   

Level 15
Apr 15, 2025 2:41:47 PM

If you got a 1099R form for it you have to enter it.