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Oregon tax on TSP

How is my Federal TSP RMD distribution taxed in Oregon? What is the tax rate?

Can I account for my other IRA RMD's from my TSP distribution? If yes, how do I report this? My 2024 form 1099-R for TSP taxable amount reflects more than the minimum since I am covering RMD's for my other IRA's. How do I report this?

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1 Reply
DavidD66
Expert Alumni

Oregon tax on TSP

Your TSP is taxable income in Oregon.  Oregon has a graduated state individual income tax, with rates ranging from 4.75 percent to 9.9 percent.

 

Yes, you can satisfy your combined RMDs for multiple accounts with a distribution from a single account.  That is handled by answering the questions you will be asked by the program when you enter the Form 1099-R for your TSP distribution.  

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