Gary Posted June 23, 2010 Posted June 23, 2010 A one participant plan owner takes a 10k loan in 2008. We find out now that he defaulted on loan at outset. So it is a deemed distribution. It would seem that the person should amend their 2008 tax return and report income. Should a 1099R be prepared for 2008 or 2010 to report distribution? thanks
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