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I received dividend income from Abbvie, how do I indicate that on my Illinois return as it's exempt from state tax?
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Anonymous
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May 18, 2020
1:24 PM
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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
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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.
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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.
Are we missing something?
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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:
- In the state program, go to the business section
- Scroll down and select High Impact Business
- Yes
- Enter the information required, Zone is Chicago. Sub zone 22S
- Continue
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