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When reporting defaulted loans to the IRS do you include interest to t

Guest Donna Lee

By Guest Donna Lee
in Distributions and Loans, Other than QDROs

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Guest Donna Lee

Guest Donna Lee

Posted
Posted

I keep seeing conflicting information and need some clarification: When reporting defaulted loans to the IRS do you include interest to the end of the grace period or just report the outstanding loan balance?

Guest

Guest

Posted
Posted

We just report the defaulted loan amount and not the interest.

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