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April 15, 2025
Question

would i answer yes to this question if i took a loan from my 401k - Did you withdraw money from your retirement plan?

  • April 15, 2025
  • 2 replies
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2 replies

April 15, 2025

No. Loan is is not considered withdrawal and you don't report it on your return.   

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VolvoGirl
Employee
April 15, 2025

If you got a 1099R form for it you have to enter it.