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Form 1099-R Reporting for Loans


Guest Joseph Corona

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Guest Joseph Corona
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If a participant terminates employment with an outstanding loan balance and rolls the funds into and IRA, how many 1099-R forms should that participant receive and what are the distribution codes that should be reported on the forms?

If a participant terminates employment with an outstanding loan balance and takes a lump sum distribution, how may 1099-R forms should that participant receive and what are the distribution codes that should be reported on the forms?

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