Walgreens Boots Alliance still an Illinois High Impact Business in 2025?

[user17731648158]

For my Illinois 2025 tax return, was Walgreens Boots Alliance still considered an Illinois High Impact Business located in a Foreign Trade Zone (Chicago/Sub Zone 22)?  I can't find this information anywhere.  I know where to enter the information on TurboTax, I just can't find whether it is still legitimate information for 2025 or not. 

[DaveF1006]

Yes, it is. For your 2025 Illinois tax return, Walgreens Boots Alliance (WBA) remains a valid High Impact Business (HIB) located in a federally designated Foreign Trade Sub-Zone (Chicago/Sub-Zone 22). Walgreens Co. (the primary subsidiary) currently has an active FTZ status through at least December 31, 2026.

To enter into TurboTax.

1. Open your Illinois State return.
2. Proceed through the interview until you reach the screen titled "Take a look at Illinois credits and taxes."
3. Scroll down to the section labeled "Business and Investment Credits" (usually near the bottom).
4. Look for a topic titled "High Impact Business within a Foreign Trade Zone (or sub-zone) Dividend Subtraction" or "River Edge/High Impact Business Dividend Subtraction."
5. Click Start or Revisit.
6. TurboTax will ask for the company details. Enter the following:

• Corporation Name: Walgreens Boots Alliance, Inc.
• Zone Name: Chicago / Sub-Zone 22
• Dividend Amount: Enter the total dividends you received from WBA (from your 1099-DIV).

Although, these dividends will be subtracted from your illinois state return, they are fully taxable on your federal return.

[Mike9241 · Accepted solution]

doesn't matter. WBA paid no dividends in 2025, and, in fact, was taken private, so you should no longer own the stock. You may need to report the sale if you tendered your shares in 2025. The sales price was $11.45 per share and 1099-Bs were issued.