28 The California basis for an Individual Retirement Account may be different than the federal basis for that same IRA. Why would this matter? Becouse the IRs requires consistent record-keeping for both federal and state. Because IRA companies cannot disburse 1RA funds withour aceurate basis information Because a California taxpayer who already pald Calfornia income tax on part of their IRA funds should not have to pay income tax on thatpart again, upon withdrawal Becouse an IRA started in a different state cannot be withdrawn while a resident of Californis