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Petitioner was sent a notice dated September 4, 2002, with
respect to each of petitioner’s loans. Such notice informed
petitioner that he was required to repay in full by December 3,
2002, the loan to which such notice pertained and that if he did
not do so, a taxable distribution would be declared with respect
to the unpaid principal and unpaid interest to September 16,
2002, with respect to such loan. Petitioner did not repay
petitioner’s loans.
On September 23, 2002, the Federal Thrift Savings Plan sent
petitioner two letters (collectively, September 23, 2002 let-
ters), one of which pertained to petitioner’s $10,477.89 loan
(September 23, 2002 letter pertaining to petitioner’s $10,477.89
loan) and the other of which pertained to petitioner’s $15,462.60
loan (September 23, 2002 letter pertaining to petitioner’s
$15,462.60 loan). The September 23, 2002 letter pertaining to
petitioner’s $10,477.89 loan stated in pertinent part:
You were sent a notice dated 09/04/02, informing you
that, because you separated after your Thrift Savings
Plan (TSP) loan was issued, you must repay your loan in
full by 12/03/02, or a taxable distribution would be
declared. Because you forfeited your right to repay
the loan in full, effective 09/16/02, a taxable distri-
bution in the amount of $10,477.89 has been declared in
connection with the unpaid principal and unpaid inter-
est to 09/16/02, on * * * [petitioner’s $10,477.89]
loan.
The September 23, 2002 letter pertaining to petitioner’s
$15,462.60 loan stated in pertinent part:
You were sent a notice dated 09/04/02, informing you
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