If 59½ years of age, but did not retire, IRA distributions must be reported on a cost recovery basis until retirement. If retired, but did not reach age 59½, distributions must be reported on a cost recovery basis until age 59½ is reached.
The cost recovery method is a way to determine how much of a distribution from a retirement plan or annuity is taxable.
For more information: 2023 Pennsylvania Personal Income Tax Return Instructions
PA Department of revenue
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
