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February 10, 2024
Question

If i take a loan out of my 457 plan do i get taxed by irs?

  • February 10, 2024
  • 1 reply
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1 reply

Employee
February 10, 2024

You do not pay tax if you re-pay the loan.   If you do not re-pay it, then it is treated as a distribution and you are taxed -- including any early withdrawal penalty.

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