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Get your taxes done using TurboTax
If you didn't actually roll over the funds into another retirement account then you will select you did "something else (cashed out)" instead of “I moved it to another retirement account”. Please see IRS Rollovers of Retirement Plan and IRA Distributions for more information on what a rollover is.
The note on the back seems the explain that the funds distributed would be eligible for a rollover to another retirement account and they had to withhold a 20% tax according to the rules. Please see Tax Rules about TSP Payments (Indirect Rollovers TSP page 5). If you didn't move the funds into another retirement account within 60 days then this isn't a rollover.
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April 5, 2023
12:00 PM
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