Can I claim TSP loss from my traditional account on my tax return?

flet107 · ‎March 18, 2021

DavidD66 · ‎March 18, 2021

No. I assume by TSP you are referring to the The Thrift Savings Plan. TSP is a tax-deferred retirement savings and investment plan that offers Federal employees the same type of savings and tax benefits that many private corporations offer their employees under 401(k) plans.

You cannot deduct investment losses in a retirement plan.

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View solution in original post

DavidD66 · ‎March 18, 2021

No. I assume by TSP you are referring to the The Thrift Savings Plan. TSP is a tax-deferred retirement savings and investment plan that offers Federal employees the same type of savings and tax benefits that many private corporations offer their employees under 401(k) plans.

You cannot deduct investment losses in a retirement plan.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Can I claim TSP loss from my traditional account on my tax return?