TSP MRD 2018TY or 2019TY

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  • #1927
    Sunny
    Participant

    I turned 70 1/2 in 2018 but TSP will be mailing all MRD’s in March of 2019 so my question is does my MRD apply to 2018TY or 2019TY?

    Sunny

    #1930
    Alan S.
    Participant

    Assuming you were retired at the end of 2018, if you did not receive an RMD in 2018, then you must receive the 2018 RMD by 4/1/2019. Once you receive the 2018 RMD in 2019, the next distribution you receive will be the 2019 RMD. Any RMDs or other distributions are taxed in the year they were distributed and you will receive a 1099R form reporting the distributions. Therefore, it sounds like you did not receive any distributions in 2018, and therefore will not be reporting any TSP distributions on your 2018 return.

    • This reply was modified 2 years, 8 months ago by Alan S..
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