Taxes and TSP (military)

[ehopper302]

imported post

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]

imported post

Your TSP contributions should be deducted automatically from your taxable wages (base pay).

 

[ehopper302]

imported post

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?

 

[Guest]

imported post

You only need to report if you take money out. Loans not included.

 

[Rolo]

imported post

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]

imported post

Thanks for the info tsptorture and rolo.