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State tax filing
Wrong - code 7D in box 7 means the annuity is non-qualified and is taxable by the State of Illinois.
The "D" spells out non-qualified.
Illinois publication 120 states only "qualified" annuities are not taxable by the state.
They should qualify this and explain to taxpayers the difference between "qualified" and "non-qualified"
‎April 22, 2021
10:57 AM