Does a loan from a 401(k) in 2016 need to be reported as a distribution on Form 8880?

Mar 24, 2017
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Loans from a qualified plan that are coded with an “L” in Box 7 of Form 1099-R are not included as distributions on Form 8880. See the instructions for Form 8880 for further information.

Check out PICPA’s Money & Life Tips, Ask a CPA, or CPA Locator for more resources.
Answered by: David M. Lastowski, CPA, is a sole practitioner in Erie, Pa. 
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