caryneudahls
Returning Member

Why does TurboTax 2023 Premier consider company stock sold upon retirement not taxable in Illinois? H&R Block and I both think this is wrong. Will Intuit pay the $10K?

This was a noncovered security that was part of a restricted stock plan, with some stock purchased and some granted. Taxes were paid on the value of granted shares when granted and dividends when received. So why no Illinois tax on the gains per TurboTax Premier 2023, which was the year the stock was sold? I don't want to pay penalties, or have my refund held up for over a year like the last time TurboTax screwed up my return, not recognizing the 60% of income charitable contributions limit.  Taxes are complex.  That's why Intuit's customers pay a lot to get it right. If wrong for the second time in four years, it'll be bye-bye TurboTax. Reliable accuracy is critical for tax software! About two weeks to fix this!