Would Pennsylvania tax my rollover IRA withdrawal if I invest it into an annuity?

by Paul K. Rudoy, CPA | Apr 28, 2017
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I'm planning on taking money out of my rollover IRA (Fidelity) and investing in a Fidelity annuity. How would Pennsylvania income tax treat this? I'm aware that I will still need to take out the required minimum distribution from the leftover portion of my IRA.

Pennsylvania does not tax withdrawals from retirement accounts after a taxpayer reaches retirement age and is retired.

 
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Answered by: Paul K. Rudoy, CPA, PFS, is managing partner of H2R CPA in Pittsburgh.

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