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-   -   Do you get a 1099 are when you take a loan of 401? (https://www.askmehelpdesk.com/showthread.php?t=552844)

  • Feb 9, 2011, 06:37 AM
    rosa56
    Do you get a 1099 r when you take a loan of 401?
    I took a loan from my 401 and I'm paying it every two weeks, My question is Im supposed to get 1099R for the loan I took and do I need to report it on my taxes.
  • Feb 9, 2011, 08:04 AM
    ebaines

    No. If you are current on paying the loan then you should not have received a 1099-R. Does it show the full amount of your loan, and what does the form list for the distribution code in box 7?

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