BG5150 Posted August 4, 2006 Posted August 4, 2006 We had a participant take out a loan in 2002. It was deemed a distribution in 2003, 1099 issued. participant has not had a break in service. Does that loan carry from year to year (on the 5500) until it is either paid or participant terminates? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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