Two years ago I took a loan from my 401k because my husband had (2) hernia operations and was not getting paid. A year ago he was injured on the job and not worked since. We really needed the money so I defaulted on my 401k loan. My question is what are the chances that we will have to pay Uncle Sam. We are in the 15% tax bracket and we usually get a refund of about $1,800.00-2,100.00. The amount left on the loan was about $4,600.00. Any help would be appreciated.
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