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Rashid retired from active duty in 2020 and began taking disbursements from his traditional Thrift Savings Plan (TSP).His contributions over the years included $12,000 of
Rashid retired from active duty in 2020 and began taking disbursements from his traditional Thrift Savings Plan (TSP).His contributions over the years included $12,000 of combat pay. Which of the following statements are True about his distributions?
J21/21, 12:45 AM distributions? All his distributions are now nontaxable because the contributions were made post-tax. The $12,000 he contributed and the earnings from that money are tax-exempt; his other contributions and earnings are taxable. All his distributions are now taxable because the contributions were made pre-tax. The $12,000 he contributed will not be taxable when it is distributed, but the other contributions and all his earnings are taxable Mark for follow up Question 29 of 40. The following is an example of incentive pay: High altitude/low opening (HALO) pay. mod leave Step by Step Solution
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