topic Do you have to pay taxes on a loan from your retirement plan or just the 10% penalty if under the age of 59 1/2 in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/do-you-have-to-pay-taxes-on-a-loan-from-your-retirement-plan-or-just-the-10-penalty-if-under-the-age/01/411431#M37219 Tue, 04 Jun 2019 20:36:25 GMT 21stennis48 2019-06-04T20:36:25Z Do you have to pay taxes on a loan from your retirement plan or just the 10% penalty if under the age of 59 1/2 https://ttlc.intuit.com/community/retirement/discussion/do-you-have-to-pay-taxes-on-a-loan-from-your-retirement-plan-or-just-the-10-penalty-if-under-the-age/01/411431#M37219 Tue, 04 Jun 2019 20:36:25 GMT https://ttlc.intuit.com/community/retirement/discussion/do-you-have-to-pay-taxes-on-a-loan-from-your-retirement-plan-or-just-the-10-penalty-if-under-the-age/01/411431#M37219 21stennis48 2019-06-04T20:36:25Z If you took a loan and are in repayment, you would not pa... https://ttlc.intuit.com/community/retirement/discussion/if-you-took-a-loan-and-are-in-repayment-you-would-not-pa/01/411439#M37221 <P>If you took a loan and are in repayment, you would not pay anything (no penalty and no addition&nbsp;to your taxable income). If you took a distribution, that amount would be considered income and if you are under 59.5 years old, the 10% penalty would be assessed.</P> Tue, 04 Jun 2019 20:36:26 GMT https://ttlc.intuit.com/community/retirement/discussion/if-you-took-a-loan-and-are-in-repayment-you-would-not-pa/01/411439#M37221 SherylSTaxExpert 2019-06-04T20:36:26Z