close
    I'm first year retired federal employee and have roled TSP funds into standard IRA. What do is list on my tax return as taxable income along with the usual civil service payments I continue to get.. I'm vague on the IRA gains/losses

    0  Views: 447 Answers: 1 Posted: 12 years ago

    1 Answer

    If you rolled the funds into a retirement savings plan, none of it is classified as income until you withdraw it. If it went into a standard IRA which is not part of a retirement savings plan, the interest on it is taxable.

    Flip

    P.S. If the TSP funds were part of a retirement savings plan, and you put them into a plan that is not a retirement plan, you probably must claim the whole amount. Better see a tax consultant.


    Top contributors in Taxes category

     
    Ducky
    Answers: 4 / Questions: 0
    Karma: 240
     
    Colleen
    Answers: 12 / Questions: 0
    Karma: 180
     
    Benthere
    Answers: 0 / Questions: 0
    Karma: 120
     
    jhharlan
    Answers: 2 / Questions: 0
    Karma: 90
    > Top contributors chart

    Unanswered Questions

    SV nhacai
    Answers: 0 Views: 5 Rating: 0
    SV nhacai
    Answers: 0 Views: 4 Rating: 0
    SV nhacai
    Answers: 0 Views: 5 Rating: 0
    SV nhacai
    Answers: 0 Views: 5 Rating: 0
    SV nhacai
    Answers: 0 Views: 5 Rating: 0
    SV nhacai
    Answers: 0 Views: 5 Rating: 0
    sodo66am
    Answers: 0 Views: 8 Rating: 0
    > More questions...
    466622
    questions
    722264
    answers
    785625
    users