Where in TTB does it state that if you borrow from a qualified plan and pay it back within five years with interest you do not have a taxable distribution? I found the rules for when the plan may loan you the money on 1-23 but for all that's there the loan proceeds could be taxable and even subject to penalty. I found what I needed in RIA for 2008 but where could I have found it in TTB?
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Tab 13 in the 1040 and Deluxe edition does not have any information on loans from a qualified plan. The new Small Business edition, Tab 6, has extended coverage of qualified plan distributions, including the rules on whether a loan is treated as a distribution or not. It also has extended coverage on 401(k) plans including the difference between a solo 401(k), safe harbor 401(k), and Simple 401(k), plus the rules on hardship distributions.
The 2007 WebCD includes all of the tabs from the Small Business edition.
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