Quote:
Originally Posted by Haggar
The original trustee will not code this an a rollover and use code G because this is not a trustee to trustee distribution. Make sure that you report to the IRS and attach proof to the return that this transaction was done on a timely and correct basis.
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Would this not be an issue with income taxes owed if the start date of the loan and the end date of the loan crossed tax years? This may be an issue with the 1099-R custodian form issued at year end if the loan is not paid off. .