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R
rkube75
May 17, 2020
Question

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

  • May 17, 2020
  • 3 replies
  • 0 views
No text available

3 replies

A
Anonymous
May 18, 2020

use form 1299-c.  the high impact business section

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

A
ab148236
April 10, 2022

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

A
ab148236
April 10, 2022

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?

AmyC
AmyC
Employee
April 12, 2022

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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    B
    billyp8
    March 12, 2023

    yeah that option not there in 2023

    J
    jriker1
    October 13, 2024

    Do you do both the Rivers Edge Redevelopment and High Impact Business areas?  See both in the post.

     

    Also is there a place to go back X number of years since I just found out about this after having the stock for 18 years?

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