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rkube75
New Member

I received dividend income from Abbvie, how do I indicate that on my Illinois return as it's exempt from state tax?

 
4 Replies
Anonymous
Not applicable

I received dividend income from Abbvie, how do I indicate that on my Illinois return as it's exempt from state tax?

use form 1299-c.  the high impact business section

https://investors.abbvie.com/static-files/c827a5bb-9523-4cb3-a3ed-5a42d38d40e1

ab148236
Level 2

I received dividend income from Abbvie, how do I indicate that on my Illinois return as it's exempt from state tax?

This link is outside TurboTax and only explains what we are trying to do, not how to do it.

ab148236
Level 2

I received dividend income from Abbvie, how do I indicate that on my Illinois return as it's exempt from state tax?

This article on 1299-C states there is a section on High Impact Business Investment.

What is the IL 1299-C form? 

 

However, when we try to subtract dividends it is a property question instead of a dividends question.

High Impact.PNG

 Are we missing something?

AmyC
Employee Tax Expert

I received dividend income from Abbvie, how do I indicate that on my Illinois return as it's exempt from state tax?

Using IMPORTANT TAX INFORMATION PLEASE RETAIN ... - AbbVie

Follow these steps:

  1. In the state program, go to the business section 
  2. Scroll down and select High Impact Business
  3. Yes
  4. Enter the information required, Zone is Chicago. Sub zone 22S
  5. Continue

 

@ab148236

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