Anonymous
Not applicable

Deductions & credits

see this link

 

https://www.forbes.com/sites/jamiehopkins/2018/07/16/a-new-retirement-risk-unclaimed-property-laws/#...

 

here's is a major point

if the state takes an unclaimed IRA or 401(k), it essentially liquidates the account and takes the money out of the tax-deferred shelter. In this event, the unclaimed property now becomes subject to income taxes in the year it liquidated the account.  it will likely be substantial back taxes to be paid, and the tax-deferred nature of the retirement account will have been lost.

 

consult a tax pro in your state.