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View Full Version : 401K loan and interest expense

TIN401
Mar 28, 2007, 10:22 AM
If you borrowed money from your 401 K, is the interest tax deductilbe for the borrower? Does the 401 K give you a year end report ?
AtlantaTaxExpert
Apr 2, 2007, 01:22 PM
No, it is NOT deductible, bacuse you are actually paying YOURSELF the interest.