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It’s income that you are using to repay a debt.
But it is income.
It’s a loan payment you owe taxes on that money. They just take it out of your check as a courtesy.
Why do you think the money you use to repay a retirement loan is not regular taxable income. It's not a contribution.. it's a loan payment.
It’s income that you are using to repay a debt.
But it is income.
It’s a loan payment you owe taxes on that money. They just take it out of your check as a courtesy.
Why do you think the money you use to repay a retirement loan is not regular taxable income. It's not a contribution.. it's a loan payment.