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Click this link for the steps to Enter a Michigan 529 Contribution.
Thanks for the quick reply. I couldn't get that link to work and I believe it is out of date. When I go to my Michigan income section it says, "Here's the income that Michigan handles differently" but only lists 2 options: "Capital Gains and Losses" and "Tribal Income". Nowhere can I find 529 plans. Any ideas? Thx!
Please see the screenshot below. Here is where you will enter the Michigan Savings plan Contribution.
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Thanks, I don't have that option. I'm not a resident of Michigan, so perhaps it is not letting me for that reason. However, I checked the state statute and residency status doesn't matter. Here is my screen:
According to this Turbo Tax link, most states require that you contribute to your own state’s plan to get the break (Arizona, Kansas, Maine, Missouri and Pennsylvania allow deductions for contributions to any state’s plan). But each state also has different rules about who can take the deduction for their contributions.
I just figured this out, so hopefully it will help others. I am a nonresident, so I did not get the prompt to enter 529 contributions.
What I had to do was change my status to full year resident. Then, in the income section, it allowed me to enter the 529 contributions I made. I then changed my status back to nonresident and I confirmed that the deduction from my 529 contribution remained.
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