Form 1099-R Michigan
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?
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?
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?
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.