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Thanks to all for the input. First time I've used this forum, and I was quite pleased.

Goofyphd

Hello ATE

Are you sure?

Even back when interest on credit cards was deductable? Seems to me I was deducting the interest on my 401K loan back in the early eighty's. I recall that this...

Hello Delite

In light of your response, here is some additional background: When I began repaying my 401K loan (1980's), interest was a deductable expense. While at that time I could certainly not...

Does the loan interest repaid to a 401K increase the basis of the 401K since the interest paid to your account is actually after tax income?