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: 569 Answers: 1 Posted: 14 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.

      14 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 14 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

        Soi Kèo VLeague
        Answers: 0 Views: 1 Rating: 0
        1wgreece
        Answers: 0 Views: 13 Rating: 0
        88Aacam
        Answers: 0 Views: 17 Rating: 0
        Game Bài Ăn Tiền Mặt Và Những Điều Người Chơi Cần Biết Tại Vinwin
        Answers: 0 Views: 15 Rating: 0
        1winonlinepk
        Answers: 0 Views: 18 Rating: 0
        asfbetonyapi
        Answers: 0 Views: 19 Rating: 0
        asfbetonyapi
        Answers: 0 Views: 19 Rating: 0
        asfbetonyapi
        Answers: 0 Views: 16 Rating: 0
        > More questions...
        561899
        questions
        779375
        answers
        924128
        users