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3c50c670f41d
April 14, 2022
Question

Please explain Basis for PA retirement income194974

  • April 14, 2022
  • 1 reply
  • 0 views
Please explain basis of retirement income

1 reply

JohnB5677
JohnB5677
April 14, 2022

Your cost basis in retirement income (pension, IRA, 401K, etc.,) is the sum of the nondeductible contributions to your "retirement plan/account" minus any withdrawals or distributions of nondeductible contributions.

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