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    4. 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
    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

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    0  Views: 505 Answers: 1 Posted: 13 years ago
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      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.

      13 years ago. Rating: 0
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        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.
        commented 13 years ago


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