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Level 2
January 3, 2020
Solved

401K loan

  • January 3, 2020
  • 1 reply
  • 2 views

When filling out my 2019 taxes do I need to input my 401k loan that I took out? Haven’t defaulted on it. Will be paid off in 2 years. 

Best answer by VolvoGirl

Expert Reviewed

No.  The loan doesn't go on your tax return unless you default on it.

1 reply

VolvoGirl
VolvoGirlAnswer
Level 15
January 3, 2020

Expert Reviewed

No.  The loan doesn't go on your tax return unless you default on it.

Spenk Author
Level 2
January 3, 2020

Thanks for clearing that up