When someone has a loan against their 401k, how should that be entered? – In special expenditures or in the current saving section? Should the amount entered under Retirement Accounts include the loaned out amount?
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Special Receipts for the income (not taxable). Special Expenditures for the loan repayment (breaking things into two pieces if necessary, one taxable principal repayment, one for deductible interest).
Best,
Dick Munroe