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Question about tax basis for early IRA distribution
I had an early IRA distribution this tax year I used for a 1st home purchase in PA. All contributions into that IRA were from a rollover from many years ago when I moved into PA. The contributions were from other retirement plans when I worked in Maryland. So none of those contributions were earned in PA. Does that make my basis 0 based on what it says in turbotax? See here. "If you put the money into your retirement account while living or working in another state the amount contributed may have been contributed pre-tax and would not be considered in your PA basis calculation."
‎February 1, 2021
7:52 PM