Guest t936 Posted March 16, 2005 Posted March 16, 2005 A participant dies with an outstanding participant loan and two beneficiaries. My question is how to treat the outstanding loan balance. I assume that the two beneficiaries will split the cash remaining in the account and get 1099's. Is a third 1099 issued to the estate administrator for the amount of the outstanding balance of the participant loan?
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now