I might be over thinking this. Is this all the money that I have personally contributed? For instance with direct deduction from my pay roll and also extra contributions over the years?
Your basis in your retirement plan, for PA income tax purposes, is the sum of all your personal contributions into the plan (do not count your employers contributions or any earnings in the plan) less the sum of all distributions taken from the plan in previous years.
Your basis in your retirement plan, for PA income tax purposes, is the sum of all your personal contributions into the plan (do not count your employers contributions or any earnings in the plan) less the sum of all distributions taken from the plan in previous years.
Thank you for that explanation. I guess then how can one determine how much was a personal contribution vs from an employer?