Yes fully taxable - but think of it this way - you are paying for food stamps you're not using.
I am a CSRS retiree. All of my TSP contributions were into the G Fund. I began to take distributions from my G Fund in 2012. The state I live in (Montana) does have an income tax and does not exempt Civil Service Pensions. My question is this: Since my TSP distributions come from a fund based entirely on U.S. Gov't bonds, are the distributions still subject to state income tax? Thanks!
Yes fully taxable - but think of it this way - you are paying for food stamps you're not using.
Any income that produces a 1099 form is taxable - and there ain't no place to hide these days. The IRS knows everything about your income.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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