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Retirement tax questions
I thought that annuity income in PA was taxable to the extent that it exceeded the basis being paid. When I indicate that the basis is the same as the annuity payment is has no effect on the calculation in Turbo Tax. Example Payment of 100, basis of 100 should be 0 in interest income. Turbo Tax says income is still 100. Why?
‎February 16, 2020
9:42 AM