Q. Can you confirm if a TSP rollover does, in fact, eliminate any pre-existing IRA basis?
A. Rolling over your TSP balance into a Traditional IRA does not affect the tax basis in the IRA.
TSP rollovers and IRA
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Mike Miles
Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.