I am doing my parents taxes on Turbo Tax. I put in the RMD of my dad's TSP and now it's asking me if he had regular (weekly, monthly, annually) disbursements made. I am thinking the answer is "No" but don't want to make the wrong choice.
Thanks.
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The answer would be "No".
The TSP (Thrift Savings Plan) is much like a 401K plan; you decide when and how much to withdraw, at least until the RMD rules kick in.
The question about regular (weekly, monthly, annually) disbursements is applicable to traditional pension plans, where the timing and amount of payments is set by a formula.
The answer would be "No".
The TSP (Thrift Savings Plan) is much like a 401K plan; you decide when and how much to withdraw, at least until the RMD rules kick in.
The question about regular (weekly, monthly, annually) disbursements is applicable to traditional pension plans, where the timing and amount of payments is set by a formula.
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