COVID loan reamortization

Maybe I'm losing my marbles, but wouldn't the outstanding balance of a loan as of the date the participant stopped payments be reamortized with an additional one year?

So a 5 year would now be a 6 year loan?

That's what the recordkeeper for a plan is telling the client.

I am not sure that I understand the question.  Is this a COVID loan that was taken last year, or a previous loan that was suspended last year and has been extended one year from the orignal loan payoff date, or a COVID loan that is being re-financed or something else?

Bumping this post...

Is there a worksheet to help re amortize a loan that was suspended during COVID?

I don't know that specific guidance on COVID loan reamortization was given. But I'd assume you could not remamortize the original COVID loan extension past that extended date just by applying the regular guidance on loan remortization to the COVID loans. I'd assume that any worksheet you currently use for loan amortizations should work.

This might be of some assistance? https://www.irs.gov/pub/irs-drop/n-20-50.pdf