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re: 401k loan question
Posted on 11/17/21 at 9:24 am to castorinho
Posted on 11/17/21 at 9:24 am to castorinho
quote:
I don't think that's accurate. I think there's a deadline either 30 or 60 days.
It depends on the plan, but I believe most plans allow for this...
Effective January 1, 2018, if the plan loan offset is due to plan termination or severance from employment, instead of the usual 60-day rollover period, you have until the due date, including extensions, for filing the Federal income tax return for the taxable year in which the offset occurs.
This post was edited on 11/17/21 at 9:27 am
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