Question re: Filing taxes after taking a loan against 401K plan

[ADF3]

In 2019 I took out a loan against my 401K for a little over $20,000. I am paying the loan back over 5 years by payments that are automatically drafted from my paycheck. Filing of my taxes has always been pretty simple for me to do on my own, but I want to make sure I do not miss anything. Is there anything special that I need to do with regard to the loan?

[DoninGA]

A loan from a 401(k) account is not reported on a tax return.

[Opus 17 · Accepted solution]

As long as you are making the payments, there is no tax impact of a 401(k) loan. It doesn't get reported, you don't get any forms, you just ignore it. 

[Yuppieswewe]

what about deductions?

[ThomasM125]

There are no deductions associated with the loan payback. The moneys you put into the plan were from compensation that was exempted from tax until you withdraw it. The loan proceeds were not a withdrawal since you will pay them back. When you are done doing so you will affectively be in the same situation you were before you took the loan, so there is no additional deduction due you.