1099 div

Forum|Forum|7 years ago
March 20, 2019
2 replies
20 views

Box 11 Exempt interest entered amount, res state-entered-, percent-entered-, auto calculates amount then flashes the box red?

Income

Best answer by SteamTrain

@ajkrebel

Figure it out? (Only possible in Forms Mode using Desktop software.)

Until all % add up to 100, you'll have a red box. For an NC resident

State...%......$$

NC.....2.1

PR......1.3

XX......96.6 (edited...apparently I can't add to 100 either)

SteamTrainAnswer

Level 15

@ajkrebel

Figure it out? (Only possible in Forms Mode using Desktop software.)

Until all % add up to 100, you'll have a red box. For an NC resident

State...%......$$

NC.....2.1

PR......1.3

XX......96.6 (edited...apparently I can't add to 100 either)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

dramrani

Level 2

If you have an amount in Box 11 from a mutual fund or money market account that invests in more than one state, you can scroll to the very last choice in the drop down box entitled "State" and select "Multiple states." It took me 3 hours and 3 live chats before I stumbled on this by accident.

SteamTrain

Level 15

@dramrani

Yep...this is a very Old post transferred from some OLD system form years ago...and only refers to breaking out the individual state involved for some "potential" state tax reduction..

"More than one state"...or "Multiple states" as the selection is usually easiest, since the break-out usually results in little advantage, unless the person has carefully invested, primarily in their own state's bonds.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*