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?
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- posted
17 years ago
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?
No. The IL instructions for Schedule M additions to AGI specifically exclude rollovers.
-- Phil Marti Clarksburg, MD
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