topic If you borrow from your 401K but are paying it back is it still considered income if you are paying it back. in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/if-you-borrow-from-your-401k-but-are-paying-it-back-is-it-still-considered-income-if-you-are-paying/01/56710#M2700 Sat, 01 Jun 2019 01:29:44 GMT sgarciactr 2019-06-01T01:29:44Z If you borrow from your 401K but are paying it back is it still considered income if you are paying it back. https://ttlc.intuit.com/community/retirement/discussion/if-you-borrow-from-your-401k-but-are-paying-it-back-is-it-still-considered-income-if-you-are-paying/01/56710#M2700 Sat, 01 Jun 2019 01:29:44 GMT https://ttlc.intuit.com/community/retirement/discussion/if-you-borrow-from-your-401k-but-are-paying-it-back-is-it-still-considered-income-if-you-are-paying/01/56710#M2700 sgarciactr 2019-06-01T01:29:44Z A loan from your 401k tax deferred retirement account is... https://ttlc.intuit.com/community/retirement/discussion/a-loan-from-your-401k-tax-deferred-retirement-account-is/01/56727#M2703 <P>A loan from your 401k tax deferred retirement account is not reported on a tax return, so it is not income. &nbsp;If you default on the loan then it becomes a withdrawal and is then reported on a federal tax return. &nbsp;A withdrawal is reported with a Form 1099-R.</P> Sat, 01 Jun 2019 01:29:46 GMT https://ttlc.intuit.com/community/retirement/discussion/a-loan-from-your-401k-tax-deferred-retirement-account-is/01/56727#M2703 DoninGA 2019-06-01T01:29:46Z