Do 403(b) loan distributions count in gross income for your prior 6 months?

[Leemiller37]

Hi, I am interested in filing for chapter 7, but received a 403(b) loan distribution. Will this have to ba added into my gross income since I "borrowed' money from myself? I know I don't have to add it to my taxes each year as long as loan payments are current and not in default.

Any help and specific places I could look for information on this would be GREATLY appreciated!

[Help!]

Yes - it's income. It's no different from 401K loan/distribution or cashing in stock options, both of which fall into the category of "income earned from all sources". Our 401K, 403(b) and employee stock purchase program accounts were all heavily scrutinized (we were an above-median case).