Let’s remember that there’s absolutely no income tax implication when a loan try spread

Damian DunnOkay, you to definitely area try 100% real. The fresh new income tax considerations that performed connect my personal vision when i read this concern and it had myself thinking. Aaron’s not incorrect. Any loan is paid back with once income tax bucks. Just be repaying financing your grabbed away having immediately following taxation cash. You aren’t expenses a penalty or tax otherwise things instance you to definitely. You might be simply deleting money from your 401K to the pledge in order to repay it. If you don’t, that’s if you get hammered towards tax issues. Read More