I have a mutual fund that has Exempt Interest Dividends shown in box 12 of a Form 1099-DIV.
I found that 2% of the Dividend is from my state. so I assume that means that only 2% of the total is tax exempt in my state.
All of the states show income and have a percentage of the income listed from their state. So I entered the remaining income (98%) as coming from 'More than one state'. Turbotax tells me that the two entries must equal the total tax exempt amount.
Did I do that correctly? I think that TurboTax assumes that 100% of the tax exempt dividend is from my state until I indicate that only 2% of it is.
Thank you
