So, 1) they screwed up my 1099-R's 2) they sent out promises by e-mail, which they were unable to fulfill 3) they sent out the same promises by snail mail, at no small expense, which they were unable to fulfill 4) knowing they hadn't made they deadline they themselves as set, there's nothing in e-mail from TSP to try to get ahead of the problem, nor are their customer service reps briefed on how to handle the problem. The level of incompetence by the new TSP vendor in handling simple accounting/tax paperwork cannot be overstated. Given that they've missed the February 27th deadline, I have zero confidence that they will actually correct the 1099-R's and mail them timely. If I hadn't received the corrected 1099-Rs by then, I am supposed to call back after March 6th to request a new run.which then will be mailed to me. When I pointed out that I had both and e-mail and a paper from TSP stating electronic versions would be in my secure TSP mailbox after Feb 27th, customer service said they didn't have any other information than to wait until March 6th. I called TSP and the customer service person on the other end said I needed to wait until after March 6th and that corrections would be mailed this week. The first batch is started with a pair of customer orders q and r which can. Distributions from beneficiary participant accounts will be reported as death payments on IRS F. So now, it's after Feb 27th, and there's nothing in my TSP secure mailbox. ) is a savings algo- rithm that generates batches sequentially. We report all TSP distributions and withdrawals to the IRS, to the appropriate state tax agencies if applicable, and to you on IRS Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. ![]() Today, I also received a paper letter from TSP stating that my corrected 1099-R's would be mailed to me, and again a promise that electronic versions would be in my TSP secure mailbox after Feb 27th. Received an e-mail from TSP stating that corrected paper 1099-R's would be mailed to me, and that electronic versions would be in my TSP secure mailbox after Feb 27. I'm one of those with the incorrect distribution code on the 1099-R's. Thrift Savings Plan (TSP) For Swing TradersĢ023 TSP Contributions/TSP Spillover Contributions Effective Date Chart One GS 5’s roadmap to a $600K TSP account Thrift Savings Plan - Vanguard/Fidelity IRA Fund Equivalent ![]() Taxable amount: 30,228 and Block 2b (selected): Taxable amount not determined. I received a 1099-R with the following annotations: Block 1 Gross distributions: 30,228 Block 2a. Talk to a Participant Service Rep: Available Monday-Friday 7:00 a.m. I made no further contributions in 2015, but withdrew all tax-exempt monies except 100 (and the earnings) from the IRA in 2015. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. We welcome all questions and discussion related to TSP.Īutomated Response System: Available 24 hours a day, 7 days a week. This is an UNOFFICIAL subreddit that is intended to provide info and advice to Federal Civilian and military employees who contribute to the TSP as part of their retirement plan.
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