Solved: You don't usually receive a 1099 for a loan. You would o...

I took a loan out on my current jobs retirement plan and have not recieved a 1099?

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You don't usually receive a 1099 for a loan. You would only receive one if you stopped making the required payments. That's when it would be considered a distribution, not when the loan is made.

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You don't usually receive a 1099 for a loan. You would only receive one if you stopped making the required payments. That's when it would be considered a distribution, not when the loan is made.