Nikolw6245 Nikolw6245
  • 13-10-2021
  • Business
contestada

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

Respuesta :

lordsltd
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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