401k Loan Default Question

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  • kestaxman
    Junior Member
    • Jan 2019
    • 11

    #1

    401k Loan Default Question

    Does the Cares Act rule that waives the 401k 10% early withdraw penalty apply to 2021 tax year early withdraw distributions/loan defaults?
  • TaxGuyBill
    Senior Member
    • Oct 2013
    • 2321

    #2
    Unfortunately, no. The last day to qualify for the waiver to the penalty for a Covid-related distribution ended on December 30th, 2020.

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