Rollover into Illinois 529

[ubalach2]

I moved to Illinois in 2023 and shortly thereafter rolled over my previous state's 529 to Illinois'. In TurboTax, do I include the rollover contribution amount along with my regular contributions? Thank you.

[AmyC]

Mostly - just the contributions - not the earnings. For Illinois taxpayers, contributions to Bright Start are tax deductible. Contributions are deductible up to $10,000 per year ($20,000 if married filing jointly). You can also deduct the contribution portion (but not the earnings portion) of a rollover from another state's 529 plan.

Reference: College Savings 

[Hal_Al]

Yes, if the rollover was to one of IL qualified plans, “Bright Start” program, the "College Illinois" Illinois Prepaid Tuition Trust Fund, or the "Bright Directions". Reference: https://tax.illinois.gov/questionsandanswers/answer.206.html

You can only deduct the contribution portion but not the earnings portion) of a rollover from another state's 529 plan. 

Reference: https://brightstart.com/tax-benefits/#:~:text=If%20you%20recently%20moved%20to,of%20that%20given%20c....