Re: 72 T Rules
Originally Posted by
Texarkandy
I have been unable to get specific information from TSP as to how they will code my 1099 in this situation, although both the TSP literature & the IRS regs I have found say the payments will be penalty exempt.
Ask me again in January & I'll let you know how they coded my 1099.
My understanding is that if you pick the TSP option for life expectancy it will be coded appropriately but if you pick monthly payments based on a 72t formula they will code it as an early withdrawal.
You will just need to file the form to claim the exemption which is 5329? I think?
This is my scenario.
100 G
RSI - Relative Strength Indicator DMA - day moving average
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