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    rosa56's Avatar
    rosa56 Posts: 1, Reputation: 1
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    #1

    Feb 9, 2011, 06:37 AM
    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.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 9, 2011, 08:04 AM

    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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