topic Last year we took out a small loan through our 401K, do I still need to file this on our taxes? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/last-year-we-took-out-a-small-loan-through-our-401k-do-i-still-need-to-file-this-on-our-taxes/01/387106#M34620 Tue, 04 Jun 2019 19:10:12 GMT Pie-lady 2019-06-04T19:10:12Z Last year we took out a small loan through our 401K, do I still need to file this on our taxes? https://ttlc.intuit.com/community/retirement/discussion/last-year-we-took-out-a-small-loan-through-our-401k-do-i-still-need-to-file-this-on-our-taxes/01/387106#M34620 Tue, 04 Jun 2019 19:10:12 GMT https://ttlc.intuit.com/community/retirement/discussion/last-year-we-took-out-a-small-loan-through-our-401k-do-i-still-need-to-file-this-on-our-taxes/01/387106#M34620 Pie-lady 2019-06-04T19:10:12Z No, you do not report the loan.  The advantage of a 401k... https://ttlc.intuit.com/community/retirement/discussion/no-you-do-not-report-the-loan-the-advantage-of-a-401k/01/387114#M34621 <P><B>No, you do not report the loan.&nbsp;</B>&nbsp;The advantage of a 401k loan is just that - it is NOT treated as a distribution. &nbsp;<BR /></P><P>If you default on the loan repayments though, your 401k administrator may re-classify the loan as a distribution and send you a 1099-R to report and pay taxes on.</P> Tue, 04 Jun 2019 19:10:14 GMT https://ttlc.intuit.com/community/retirement/discussion/no-you-do-not-report-the-loan-the-advantage-of-a-401k/01/387114#M34621 KenH1 2019-06-04T19:10:14Z