- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
State tax filing
This is specifically for Pennsylvania where, I believe, then entire non-qualified portion of the distribution would be taxed, not just the earnings (since PA allows the contributions to be deducted). Out of the 40K non-qual portion though - basis is approx 16K and earnings are 24K. For Fed, it makes sense - the 24K (with some additional allocation differences) is taxed & penalized. But the PA calc doesn't make a lot of sense to me.
‎February 28, 2025
10:42 AM