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Cares act distribution and multiple states
I was a Wisconsin resident in 2020 when I took a Cares Act withdrawal of both my IRA and Pensions and Annuities (as defined by TT). I claimed the 1/3rd process and claimed Wisconsin as my state in 2020.
In September 2021 I moved to Illinois. Does it matter which state I choose to record the second third of income? When I choose Wisconsin, the penalty is much higher than Illinois.
FYI: I remained a resident of Illinois for the remainder of 2021.
‎April 5, 2022
11:33 AM