WITAXLADY Posted February 19 Report Share Posted February 19 googled - 1 source says taxable, 1 not.. so it is a loan distribution not repaid from leaving his job.. Both taxable and penalized? age 33.. Thank you, D/WI Quote Link to comment Share on other sites More sharing options...
BrewOne Posted February 19 Report Share Posted February 19 enter "Plan Loan Offsets" in the irs.gov search box for some fun reading--IRC 172(p)-1. My reading of it is that it counts as an actual distribution--combined with Code 1, looks like a penalty as well, IMO. 4 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.