close
    1. Home
      2. ›
    2. Business & Finance
      3. ›
    3. Taxes
      4. ›
    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

    Answer this
    0  Views: 508 Answers: 1 Posted: 13 years ago
    Comment this question

      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.

      13 years ago. Rating: 0
      Comment this answer

        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


        Did this answer your question? If not, then ask a new question.

        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

        PHJL Official
        Answers: 0 Views: 6 Rating: 0
        Xeng88
        Answers: 0 Views: 6 Rating: 0
        Vaobetusorg
        Answers: 0 Views: 10 Rating: 0
        Promoção 255BET
        Answers: 0 Views: 4 Rating: 0
        Promoção 255BET
        Answers: 0 Views: 4 Rating: 0
        May88 foo
        Answers: 0 Views: 8 Rating: 0
        tairikvipcoo
        Answers: 0 Views: 41 Rating: 0
        BravgBET
        Answers: 0 Views: 31 Rating: 0
        > More questions...
        519233
        questions
        755778
        answers
        863840
        users