ywso
Level 1

Retirement tax questions

Thank you for the question and answer. @MarilynG1 @bcselin 

What about the cost basis of the distribution?

The distribution contains: the initial contribution (cost basis) + gain

As far as the IRS's concern:

  Is the entire distribution taxable? or

  only the gain portion is taxable?

What about the state government? e.g. is California only taxing the gain portion, or the entire distribution?

 

Thank you