Kemosabe
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 1
		
	
				
		
	
		
			
    
	
		
		
		02-18-2022
	
		
		09:41 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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in proseries how do you show a payback from a loan from your retirement fund to puchase a house
		
			
				
						
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			sjrcpa
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		02-18-2022
	
		
		09:57 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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You don't. It has no effect on the tax return.
The more I know the more I don’t know.
			
		
			
	
	
			
				
		
		
			dkh
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		02-18-2022
	
		
		10:35 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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If taxpayer received 1099R, there is an exception to penalties for first time home buyer.
			
		
			
	
	
			
				
		
		
			sjrcpa
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		02-18-2022
	
		
		11:14 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Could be. OP did say loan, though.
The more I know the more I don’t know.
			
		
			
	
	
			
				
		
		
			sjrcpa
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		02-18-2022
	
		
		11:15 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Possible, but OP said loan.
The more I know the more I don’t know.
			
		
			
	
	
			
				
		
		
			qbteachmt
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		02-18-2022
	
		
		02:35 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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It's not repaying the loan that would trigger a 1099-R (for withdrawal/distribution) that would be part of the tax reporting. Repaying is expected.
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		Don't yell at us; we're volunteers