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View Full Version : Taxes and TSP (military)



ehopper302
01-27-2005, 03:30 PM
What do I need from my TSP to file my taxes? If I need anything will it be sent to me or is it something I need to get myself?

Rolo
01-27-2005, 05:19 PM
Your TSP contributions should be deducted automatically from your taxable wages (base pay).

ehopper302
01-28-2005, 05:28 AM
Ok I understand that. What I mean is like do you need to report earned intrest or gains like on a savings account. If you do, will I get something in the mail stating this amount?

01-29-2005, 06:00 AM
You only need to report if you take money out. Loans not included.

Rolo
01-29-2005, 07:23 AM
Yup; you only get taxed on distributions (when you take "payments" from your retirement account).

So, no, no documentation required for filing taxes (like a 1099, etc.).

ehopper302
01-29-2005, 03:25 PM
Thanks for the info tsptorture and rolo.