Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
L
leanie-c
June 1, 2019
Question

I took a loan out on my 403B, Do I need to claim that?

  • June 1, 2019
  • 1 reply
  • 0 views
No text available

1 reply

T
ToddL
Employee
June 1, 2019

Loan proceeds are not reported on your tax return.

If a Form 1099-R (distribution) is ever required, the 403B plan administrator would prepare it and send you a copy. 

The only reason they would send you a Form 1099-R for the loan is if you failed to repay it when required.

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification