topic I took out of my 401k in the amount of $5000 and am paying it back. Wasn't sure how to claim this. in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-took-out-of-my-401k-in-the-amount-of-5000-and-am-paying-it-back-wasn-t-sure-how-to-claim-this/01/83507#M4865 Sat, 01 Jun 2019 03:12:47 GMT billiejeanv 2019-06-01T03:12:47Z I took out of my 401k in the amount of $5000 and am paying it back. Wasn't sure how to claim this. https://ttlc.intuit.com/community/retirement/discussion/i-took-out-of-my-401k-in-the-amount-of-5000-and-am-paying-it-back-wasn-t-sure-how-to-claim-this/01/83507#M4865 Sat, 01 Jun 2019 03:12:47 GMT https://ttlc.intuit.com/community/retirement/discussion/i-took-out-of-my-401k-in-the-amount-of-5000-and-am-paying-it-back-wasn-t-sure-how-to-claim-this/01/83507#M4865 billiejeanv 2019-06-01T03:12:47Z You do not have to add this as income. A loan from a qual... https://ttlc.intuit.com/community/retirement/discussion/you-do-not-have-to-add-this-as-income-a-loan-from-a-qual/01/83515#M4868 <P>You do not have to add this as income.&nbsp;A loan from a qualified plan (401k)&nbsp;is not considered a taxable transaction as long as you are paying the loan back according to the terms of the loan.&nbsp; Also, if you quit employment it is a deemed distribution and it becomes taxable at your termination.&nbsp; <BR /></P> Sat, 01 Jun 2019 03:12:49 GMT https://ttlc.intuit.com/community/retirement/discussion/you-do-not-have-to-add-this-as-income-a-loan-from-a-qual/01/83515#M4868 MaryK1 2019-06-01T03:12:49Z