Question: Emily borrowed $ 2 0 , 0 0 0 from her employer's plan. When she left her employer in September 2 0 2 3 ,

Emily borrowed $20,000 from her employer's plan. When she left her employer in September 2023, the loan had an outstanding balance of $15,000. Without regard to the loan. her account had a balance of $60,000. She requested a total distribution from the plan. Her 1099-R shows a distribution of $60,000 and her employer withheld at a rate of 20%. How much did she actually receive?

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