Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Loan Not Paid Off as Believed; Must Go Into Default?|
BenefitsLink Message Boards
May 21, 2021
"Active participant last made a loan payment in 2020, thinking it was paid off. Investment house is showing she still owes about $200, and shows her loan as being a deemed distribution. Can she still pay it off, and if so, should she get a Form 1099-R showing the loan default?"
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