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 ?
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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 ?
No, it is NOT deductible, bacuse you are actually paying YOURSELF the interest.
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