If I took a "loan" from my 401K account, is that considered income and how do I report it?

ktolman — Sat, 01 Jun 2019 02:04:04 GMT

A loan from the 401k tax deferred retirement account is n...

DoninGA — Sat, 01 Jun 2019 02:04:05 GMT

A loan from the 401k tax deferred retirement account is not reported on a tax return. If you default on the loan then it becomes a distribution and you would receive a Form 1099-R to report the distribution on a tax return.

topic If I took a "loan" from my 401K account, is that considered income and how do I report it? in Retirement tax questions

If I took a "loan" from my 401K account, is that considered income and how do I report it?

A loan from the 401k tax deferred retirement account is n...