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- IL non-qualified annuity tax treatment, part xx?
IL non-qualified annuity tax treatment, part xx?
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bob4
Level 2
08-22-2024
02:49 PM
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Lacerte is now not deducting 1099-R with code D from AGI in arriving at IL taxable income. This behavior is a change from prior years as far back as I can remember. I called IDOR re: the IL retirement deduction and was told IL will take federal AGI and subtract any amounts on lines 4b, 5b, and 6b of the federal 1040. My concern is that this change by Lacerte will give rise to IL return correction notices for any taxpayer that has non-qualified annuity income in their federal AGI.
Any thoughts on this?
