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Do I still have time to pay off a 'deemed' 401k loan?
ErisaGooroo reacted to Luke Bailey for a topic
The Advisor is telling you it is a termination distribution qualifying for extended rollover. The "deemed distributed" terminology is inconsistent. Keep a copy of the advisor's communication (I'm assuming it was written) and if they put Code L in your 1099-R, then make them correct it next year.1 point
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