Fact Sheet: Internal Revenue Service Tax Levies and ...
multiple 1099-Rs. The TSP does not withhold for state or local income tax. However, on IRS Form 1099-R, we will report all TSP payments to the participant’s state of residence at the time of the payment (if that state has an income tax). The participant may need to pay state and local income tax on the payment for the year it is made. A ................
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