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State tax filing
Since Minnesota requires you to use the form M1NR as a non-resident, they include your 1040 AGI (which includes my RMD which is exempt in Illinois) when they compute my MN taxes. They then divide my Minnesota income from a LLC by the 1040 AGI and multiply that ratio with the 1040AGI from the MN tax table. So essentially you pay tax on RMDs even though you live in Illinois.
Is there a place on the M1NR to exclude my RMD's since Illinois doesn't tax retirement distributions.
‎February 6, 2025
8:49 AM