Been retired for years and have been receiving retirement annunity monthly payments; but in 2018 lost a lot of money in this retirement account. Can I claim the loss somewhere???
You'll need to sign in or create an account to connect with an expert.
No. Unfortunately, you can't claim a deduction for this loss in your TSP's value.
Gains and losses in your TSP are tax-deferred, and there's no provision of law that allows you to claim gains or losses in the value of your TSP on your current year tax return.
No. Unfortunately, you can't claim a deduction for this loss in your TSP's value.
Gains and losses in your TSP are tax-deferred, and there's no provision of law that allows you to claim gains or losses in the value of your TSP on your current year tax return.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
terryj1
Level 1
melaine999
New Member
raystuff1
New Member
klee1406
New Member
sun_shyn
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.