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Employee
December 30, 2024
Question

401k Loan

  • December 30, 2024
  • 1 reply
  • 0 views

I file single and defaulted on $1900 401K loan this year - was unable to work. Can I claim it was due to being unable to work or used it for med expenses or better to repay it?

I file single. I also had $4400 in taxes due to an inherited IRA withdrawal due to low earned income. 

1 reply

Employee
January 1, 2025

Duplicate, answered at your other post.