California | Investment Law
1/22/10, 2:34 pm
Legal Question
I borrowed 10K from my 403-B annunity n 2008. The company states I missed a payment in 2009 and considered the loan defaulted as of 12-21-09 and issued a 1099-R for the balance of the loan. They are also stating that I must still re-pay the loan as it is not a distribution form my account, but a loan from the company!
After speaking to the IRS, they lady and I both concurred that this would cause a double taxitation, now and i the future when I retire.
What do I do, as the company is sure they are correct to 1099-R and bill me?
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Read More Answered By: Andrew Harrell |
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