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alexstlam
New Member

Is distribution from a nonqualified retirement plan deductible in Illinois?

 
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2 Replies
LindaS5247
Expert Alumni

Is distribution from a nonqualified retirement plan deductible in Illinois?

A distribution from a nonqualified retirement plan is taxable income for both Federal and Illinois State  Tax Returns.

 

If you made a contribution to a nonqualified retirement plan it is not deductible.

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alexstlam
New Member

Is distribution from a nonqualified retirement plan deductible in Illinois?

Thanks Linda!

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