turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jrotten5
Returning Member

Do I have a basis for an early withdrawal of retirement funds for PA State taxes (living in PA now) if the original contributions were made in GA (pre-tax)?

I had a 401K with my old employer in GA, then rolled it over to an IRA when I changed jobs years ago. Now we live in PA and in 2024 I took a distribution from the IRA and closed it, before I am 59.5. No State taxes for PA were withheld at the time of distribution, only Federal. TurboTax is asking for my Basis for the PA State Taxes.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
BillM223
Employee Tax Expert

Do I have a basis for an early withdrawal of retirement funds for PA State taxes (living in PA now) if the original contributions were made in GA (pre-tax)?

TurboTax is asking if there were any after-tax contributions to the 401(k) - now IRA. We don't know the answer, but the answer is likely no because this is not common.

 

If there were no after-tax contributions to the 401(k)/IRA, your basis in the IRA is zero for both the federal return and Pennsylvania.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question