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Retirement tax questions
Does the "Tax Cut and Jobs Act of 2017" affect 401(a) plans the same way? (Such as the Thrift Savings Plan for the Federal Government.)
I was notified of the taxable distribution of a loan balance effective Apr 2020 (due to retirement). If it follows the 401(k) model, I would have until ~15 Apr 2021 (assuming no extension) to either repay or rollover the balance into an IRA, etc.
The notification from TSP still says only 60 days for rollover. I haven't been able to find authoritative guidance in the IRS code that governs this.
‎April 21, 2020
4:57 AM