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Another Plan Term Question... loan repayment


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I get that when a plan terminates unless a loan is paid back prior to distribution it is offset.  Can the participant pay back the loan after distribution?  For instance, deposit the outstanding loan balance into their IRA within 60 days?

 

Thanks

Its not easy being green

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Ignoring any special Covid rules for a Covid distribution to "Qualified Individuals" 

If it is a "Qualified Loan Offset" (and you can look at the 1099-R instructions for a definition) then it can be rolled over as late as the tax filing due date (including extensions) for the year of the offset.

 

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