topic If I receive a 401-k loan balance as a distribution after I turn 59 1/2, do I pay a penalty (even through I originated the loan before I turned 59 1/2)? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/if-i-receive-a-401-k-loan-balance-as-a-distribution-after-i-turn-59-1-2-do-i-pay-a-penalty-even/01/475044#M43711 Wed, 05 Jun 2019 00:20:03 GMT sajmills 2019-06-05T00:20:03Z If I receive a 401-k loan balance as a distribution after I turn 59 1/2, do I pay a penalty (even through I originated the loan before I turned 59 1/2)? https://ttlc.intuit.com/community/retirement/discussion/if-i-receive-a-401-k-loan-balance-as-a-distribution-after-i-turn-59-1-2-do-i-pay-a-penalty-even/01/475044#M43711 Wed, 05 Jun 2019 00:20:03 GMT https://ttlc.intuit.com/community/retirement/discussion/if-i-receive-a-401-k-loan-balance-as-a-distribution-after-i-turn-59-1-2-do-i-pay-a-penalty-even/01/475044#M43711 sajmills 2019-06-05T00:20:03Z No, you do not have to pay the early withdrawal penalty i... https://ttlc.intuit.com/community/retirement/discussion/no-you-do-not-have-to-pay-the-early-withdrawal-penalty-i/01/475055#M43712 <P><B>No</B>, you do not have to pay the early withdrawal penalty if your deemed distribution for your loan occurred after you have reached age 59 1/2, even if the loan origination took place before age 59 1/2.</P> Wed, 05 Jun 2019 00:20:04 GMT https://ttlc.intuit.com/community/retirement/discussion/no-you-do-not-have-to-pay-the-early-withdrawal-penalty-i/01/475055#M43712 MinhT 2019-06-05T00:20:04Z