thepensionmaven Posted February 4, 2022 Posted February 4, 2022 A 401(k) participant COVID'ed her loan but did not start repaying until September, 2021 and terminated employment 12/31/2021. She has not received a 1099R as of yet; for the deemed distribution - accountant has asked us to prepare. We have the outstanding balance as of 12/31/21, but how would you take into account the payments only made in the 4th quarter?
Bri Posted February 4, 2022 Posted February 4, 2022 What's the actual deemed distribution date? Anything received after that is basis for later. Luke Bailey and Lou S. 2
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