https://ttlc.intuit.com/community/retirement/discussion/401k-loan-default/01/3410933#M226977 <P>2024 I had a default on a 401k loan for medical expenses due to a high medical bills over &gt;$30,000. I file single and am wondering if I should pay that $1900 back before the year end or can I claim that I used it for medical bills? The penalty is $640. I had less than $10,000 earned income this year. I am also going to itemize due to the high medical bills. Thank you&nbsp;</P> Thu, 26 Dec 2024 01:30:40 GMT samlilred 2024-12-26T01:30:40Z https://ttlc.intuit.com/community/retirement/discussion/401k-loan-default/01/3410933#M226977 <P>2024 I had a default on a 401k loan for medical expenses due to a high medical bills over &gt;$30,000. I file single and am wondering if I should pay that $1900 back before the year end or can I claim that I used it for medical bills? The penalty is $640. I had less than $10,000 earned income this year. I am also going to itemize due to the high medical bills. Thank you&nbsp;</P> Thu, 26 Dec 2024 01:30:40 GMT https://ttlc.intuit.com/community/retirement/discussion/401k-loan-default/01/3410933#M226977 samlilred 2024-12-26T01:30:40Z