https://ttlc.intuit.com/community/taxes/discussion/re-1099r/01/2566196#M952283 <P>Yes, you do have to declare this as income.&nbsp; If the loan was not being paid back, then the loan amount would be treated as a distribution and a 1099-R would be issued.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> Wed, 09 Mar 2022 22:06:00 GMT JillS56 2022-03-09T22:06:00Z https://ttlc.intuit.com/community/taxes/discussion/1099r/01/2566074#M952282 <P>In 2019 my husband took out a $20,000.00 loan against his 401K.&nbsp; We have been paying it off through automatic withdrawal against his paycheck.&nbsp; Well in 2020 he was hurt on the job and the workman's comp agreed to halt the payments until he started back to work.&nbsp; He has been back to work but they have not started the automatic payments yet.&nbsp; &nbsp;So we received&nbsp; a 1099-R for $15,737.14.&nbsp; Do I have to declare that as retirement?</P> Mon, 09 Mar 2026 08:33:30 GMT https://ttlc.intuit.com/community/taxes/discussion/1099r/01/2566074#M952282 mnmmomma 2026-03-09T08:33:30Z https://ttlc.intuit.com/community/taxes/discussion/re-1099r/01/2566196#M952283 <P>Yes, you do have to declare this as income.&nbsp; If the loan was not being paid back, then the loan amount would be treated as a distribution and a 1099-R would be issued.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> Wed, 09 Mar 2022 22:06:00 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1099r/01/2566196#M952283 JillS56 2022-03-09T22:06:00Z