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June 4, 2019
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If we borrow money from our 401k, would we have to claim it if repayment is being deducted through paycheck?

  • June 4, 2019
  • 1 reply
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Best answer by Celery63
If you take a 401k loan and make payments through payroll deduction, then you will not get a Form 1099-R and you do not report the loan on your tax return.

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Celery63Answer
June 4, 2019
If you take a 401k loan and make payments through payroll deduction, then you will not get a Form 1099-R and you do not report the loan on your tax return.
June 4, 2019
Sounds good, Thank you for the feed back!