Nikolw6245 Nikolw6245

13-10-2021
Business

contestada

how long do you have to repay a 401k loan after termination

Respuesta :

lordsltd lordsltd

13-10-2021

Answer:

60 days

Explanation:

If you quit your job with an outstanding 401(k) loan, the IRS requires you to repay the remaining loan balance within 60 days. Fail to repay within that time, and the IRS and your state will deem the balance as income for that tax year.

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