topic How do i calculate the basis for my retirement distribution for PA in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/how-do-i-calculate-the-basis-for-my-retirement-distribution-for-pa/01/402512#M36286 Tue, 04 Jun 2019 20:05:02 GMT amyylouu 2019-06-04T20:05:02Z How do i calculate the basis for my retirement distribution for PA https://ttlc.intuit.com/community/retirement/discussion/how-do-i-calculate-the-basis-for-my-retirement-distribution-for-pa/01/402512#M36286 Tue, 04 Jun 2019 20:05:02 GMT https://ttlc.intuit.com/community/retirement/discussion/how-do-i-calculate-the-basis-for-my-retirement-distribution-for-pa/01/402512#M36286 amyylouu 2019-06-04T20:05:02Z "Basis" in a retirement plan is the amount of after-tax d... https://ttlc.intuit.com/community/retirement/discussion/basis-in-a-retirement-plan-is-the-amount-of-after-tax-d/01/402522#M36290 <P>"Basis" in a retirement plan is the amount of after-tax dollars that the taxpayer has contributed to the plan in after-tax dollars.<BR /></P> <P>This is also called "cost" or "contribution".</P> <P>Since contributions to a 401(k) plan in Pennsylvania are not excluded from income, by definition, all your contributions to the 401(k) plan are after-tax and part of your basis.</P> <P>See <A href="https://revenue-pa.custhelp.com/app/answers/detail/a_id/273/%7E/are-my-contributions-to-a-401%28k%29-plan-excluded-from-employer-withholding%3F" rel="nofollow" target="_blank">the Pennsylvania website</A> and another <A href="https://revenue-pa.custhelp.com/app/answers/detail/a_id/1470/kw/basis%20pension" rel="nofollow" target="_blank">PA webpage here</A>.</P> Tue, 04 Jun 2019 20:05:04 GMT https://ttlc.intuit.com/community/retirement/discussion/basis-in-a-retirement-plan-is-the-amount-of-after-tax-d/01/402522#M36290 BMcCalpin 2019-06-04T20:05:04Z Basis for PA retirement purposes is the sum of all your c... https://ttlc.intuit.com/community/retirement/discussion/basis-for-pa-retirement-purposes-is-the-sum-of-all-your-c/01/402533#M36294 Basis for PA retirement purposes is the sum of all your contributions (do not include employer contributions or earnings) less the sum of all previous distributions from the retirement plan.<BR />Most often needed for PA purposes when you take an early distribution (box 7 coded 1 or2) from a retirement plan. Tue, 04 Jun 2019 20:05:05 GMT https://ttlc.intuit.com/community/retirement/discussion/basis-for-pa-retirement-purposes-is-the-sum-of-all-your-c/01/402533#M36294 re2boys 2019-06-04T20:05:05Z