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jwbarbour · Joined: 12 Feb 2010 Posts: 1 1.32 Dollars($)

I recently took a 403B loan from my account I have with my employer. I am making automatic payments each month, and will for the next 3 years. Do I am going to file my Federal/State taxes soon and need to know do I list the loan from my 403B as income? I.e. do I pay taxes on that loan?

gmakerley · Posted: Fri Feb 12, 2010 10:21 pm Post subject:

since it's a loan and you are repaying the loan, you are not going to have to concern yourself with claiming the money as income, nor will you have to pay taxes on the loan. if you wish, you can check with a tax advisor or the irs itself to get additional clarification.

Posted: Sat Feb 13, 2010 12:02 am Post subject:

Thank you!

gmakerley · Posted: Sat Feb 13, 2010 9:35 am Post subject:

it's a pleasure

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