After the original loan has been reported as a default and 1099-R is generated for tax purposes, can the remaining balance of the 401 be rolled over into the new companies 401k.
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After the original loan has been reported as a default and 1099-R is generated for tax purposes, can the remaining balance of the 401 be rolled over into the new companies 401k.
Can I roll over remaining 401 k balance after loan is defaulted
Yes, you should be able to roll over the 401K to the new company's plan, no problem.
Yes, it should not be a problem.
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