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IL - Early distributions

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    #1

    IL - Early distributions

    I can't believe this: IL is not taxing any 1099-R income from a qualified plan even if this is an early distribution? Please someone confirm. Sounds to good to be true.

    Thanks.

    Gabriele
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    #2
    Thanks, found my answer. Still incredible.

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      #3
      That is one reason it may be worth it to retire in IL. Lord knows it is not for the weather.
      Noel
      "Some cause happiness wherever they go; others, whenever they go."- Oscar Wilde

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      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

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