I withdrew my 401K in March at age 64 while living in Michigan to purchase a house in Indiana where I then moved in June to retire. Is this amount then reported as Michigan income as a Part-Year resident?
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Yes. It is considered Michigan Income.
File Part-Year resident returns for Indiana and Michigan and report all the 401K distributions on your Michigan return.
How do I allocate (split) income for a part-year state return?
Yes. It is considered Michigan Income.
File Part-Year resident returns for Indiana and Michigan and report all the 401K distributions on your Michigan return.
How do I allocate (split) income for a part-year state return?
Thank you very much!
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