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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
MayaD
Expert Alumni

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

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

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

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

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