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Reply With QuoteWelcome to the MB. I am not a tax professional and you need to talk to one, but yes and no. You can gift money to family members, I believe $10k per member, but if you take it out of TSP you pay the tax and they don't. No getting out of that.
Newbie
tsp secrets
so this is my first post outside of the introduction thread. I have heard from several different people in different areas that were all closer to retirement than I am that there are a couple ways to pull money out of your tsp without being taxed. i have heard that you can make yearly "gifts" up to a certain amount to a member of your immediate family and not be taxed. I have also heard that this in not correct and that instead one can make a "one time gift" to their immediate family up to a certain amount without being taxed. is there any truth to this?
TSP Guru
Re: tsp secrets
Welcome to the MB. I am not a tax professional and you need to talk to one, but yes and no. You can gift money to family members, I believe $10k per member, but if you take it out of TSP you pay the tax and they don't. No getting out of that.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson
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