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TSP

Administered by the Federal Retirement Thrift Investment Board, this defined contribution plan for federal employees has roughly 4,614,874 participants, and over $358 billion in assets under management. Ask your TSP questions and post related topics here.

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Piggy  
#1 Posted : Tuesday, February 05, 2019 6:42:33 PM(UTC)

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As part of my divorce decree, my ex was ordered to get half of my TSP balance.

For the purposes of taxes, does this count as a $40,000 alimony payment?
frankgonzalez  
#2 Posted : Wednesday, February 06, 2019 3:51:36 AM(UTC)
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Originally Posted by: Piggy Go to Quoted Post
As part of my divorce decree, my ex was ordered to get half of my TSP balance.

For the purposes of taxes, does this count as a $40,000 alimony payment?
I would say you need to talk to a professional who deals in taxes and/or divorce.

That said, I would say it probably counts as community assets being split not alimony.

You should have voted Cthulu...the greatest of all Evils
Jackbnimble  
#3 Posted : Wednesday, February 06, 2019 12:22:05 PM(UTC)
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Your divorce decree should lay it out very clearly if the payment is alimony. If it doesn't say it clearly, it would more than likely be part of the marital estate division and NOT alimony.
edalder  
#4 Posted : Thursday, February 07, 2019 10:51:06 AM(UTC)

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Looks like a divorce decree property settlement to me, not alimony. Consult your attorney or a tax pro to be sure.
Kivi
ex-military  
#5 Posted : Monday, February 25, 2019 4:50:28 AM(UTC)
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Originally Posted by: Piggy Go to Quoted Post
As part of my divorce decree, my ex was ordered to get half of my TSP balance.

For the purposes of taxes, does this count as a $40,000 alimony payment?


Question: When was the divorce finalized? If it was AFTER 12/31/18, then it really doesn't matter, because alimony cannot be deducted by the payer nor is it claimed as income by the receiver. That was part of the new tax bill.
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