Michigan allows nonresidents to contribute and claim a deduction for a 529 plan. You will need the CD/Download version of TurboTax to enter the subtraction.
How do I switch from TurboTax Online to TurboTax CD/Download?
Here's how:
- Tap Forms in the upper right
- Select Schedule 1 in the left column (Forms in My Return)
- Enter your contribution on line 17
The Michigan Educational Savings Program says:
If you move to another state, you can keep your money invested and continue making contributions to your MESP account. Before investing in a 529 plan, you should consider whether the state where you or your designated beneficiary reside or have taxable income offers favorable state tax treatment or other benefits if you invest in that state’s 529 plan.
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