04-10-2007, 01:47 PM
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 Re: IL income tax on 529 rollover <YAN60031[at]YAHOO.COM> wrote: - quote - > IL has a tax break for contribution to in-state 529 plan. If
No. The IL instructions for Schedule M additions to AGI> I rollover IL 529 plan to another state's 529. Would I be > re-taxed on the basis I rolled over? specifically exclude rollovers. -- Phil Marti Clarksburg, MD << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
04-09-2007, 06:51 AM
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| IL income tax on 529 rollover IL has a tax break for contribution to in-state 529 plan. If I rollover IL 529 plan to another state's 529. Would I be re-taxed on the basis I rolled over? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 529, income, rollover, tax |
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