How would you explain what a loan offset is? , , In what situations does a participant become eligible for a loan offset?, , What kinds of situations don’t count for a loan offset?, , How does a participant go about clearing a loan that’s in default?, , What’s important to know about how a defaulted loan is classified?, , When a defaulted loan is offset because of a qualifying event, does that create any tax consequences?, , If a participant decides to offset a loan before it goes into default, what would happen?, , Which three scenarios would someone owe taxes on a loan offset without having taxes withheld, leading to a 1099-R the next year?, , How can loan offsets be requested? , , If someone offsets a loan that hasn’t defaulted and isn’t taking a distribution, will taxes be withheld from their account at that time?, .
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Loan Offsets
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Jillian30
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